Multiple Choice
The deepening recession in late 2008 sharply reduced consumer confidence, causing
A) aggregate demand to contract markedly.
B) aggregate supply to contract markedly.
C) aggregate supply to expand markedly.
D) aggregate demand to expand markedly.
Correct Answer:
Verified
Correct Answer:
Verified
Q24: In the recession of 2007-2009, the unemployment
Q25: The stimulus plan adopted in 2009 by
Q26: A factor tending to slow the U.S.
Q27: A factor that might have contributed to
Q28: The discretionary fiscal policy initiatives adopted in
Q30: The lowering of the federal funds rate
Q31: Economic growth leading into the 2007-2009 recession
Q32: Non-discretionary fiscal policy initiatives adopted in 2009
Q33: A factor that might have contributed to
Q34: Discretionary fiscal policy designed to counteract a