Reasons That the Recession of 2008-2009 Did Not Become a Depression

Multiple Choice

Reasons that the recession of 2008-2009 did not become a depression include i. The Fed bailed out troubled financial institutions
Ii. The government aggressively balanced its budget
Iii. The government increased its expenditures, which increased aggregate demand

A) iii only
B) i only
C) i and ii
D) ii only
E) i and iii