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Which of the Following Was TRUE About the Great Recession

Question 49

Multiple Choice

Which of the following was TRUE about the Great Recession of 2007-09?


A) the U.S. government quickly implemented austerity programs
B) monetary and fiscal policy responses to the crisis were implemented too slowly
C) while the unemployment rate rose sharply, long-term unemployment remained steady
D) financial markets froze, making it difficult for businesses to finance inventories
E) none of the above

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