Context and question: The U.S. Federal Reserve and central banks around the world have taken steps to expand money supplies to avoid the risk of a deflationary spiral, in which lower wages and higher unemployment lead to a self-reinforcing decline in global consumption. In addition, governments have enacted large fiscal stimulus packages, by borrowing and spending to offset the reduction in private sector demand caused by the crisis. The U.S. Federal Reserve's new and expanded liquidity facilities were intended to enable the central bank to fulfill its traditional lender-of-last-resort role during the crisis while mitigating stigma, broadening the set of institutions with access to liquidity, and increasing the flexibility with which institutions could tap such liquidity.
What did the U.S. Federal Reserve do to increase access to liquidity?
Answer: expanded liquidity facilities
Context and question: Similarities in systems or even in ideas that schools share internationally have led to an increase in international student exchanges. The European Socrates-Erasmus Program facilitates exchanges across European universities. The Soros Foundation provides many opportunities for students from central Asia and eastern Europe. Programs such as the International Baccalaureate have contributed to the internationalization of education. The global campus online, led by American universities, allows free access to class materials and lecture files recorded during the actual classes.
Which programfacilitates the exchange students across Europe?
Answer: The European Socrates-Erasmus Program
Context and question: The Guardian Council comprises twelve jurists including six appointed by the Supreme Leader. The others are elected by the Iranian Parliament from among the jurists nominated by the Head of the Judiciary. The Council interprets the constitution and may veto Parliament. If a law is deemed incompatible with the constitution or Sharia (Islamic law), it is referred back to Parliament for revision. The Expediency Council has the authority to mediate disputes between Parliament and the Guardian Council, and serves as an advisory body to the Supreme Leader, making it one of the most powerful governing bodies in the country. Local city councils are elected by public vote to four-year terms in all cities and villages of Iran.
Who is responsible for interpreting the Constitution?
Answer:
The Guardian Council