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

Question 145

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

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