The Great Recession Lasted Longer and Was Deeper Than the Average

Multiple Choice

The Great Recession lasted longer and was deeper than the average recession,in part,because

A) oil-producing countries dramatically increased oil prices,causing very high inflation.
B) there was a dramatic cut in military spending in the years leading up to the recession.
C) the Federal Reserve refused to increase the money supply to stimulate aggregate demand.
D) the government raised tax rates in an effort to balance the federal budget.
E) there was a major financial crisis following the collapse of housing prices.