During the Financial Crisis That Started in 2008, the Fed

question 8

Multiple Choice

During the financial crisis that started in 2008, the Fed

• A)lowered short-term interest rates until they reached almost zero percent
• B)bought some non-traditional assets to intervene in long-term markets and drive long-term interest rates down
• C)started to pay interest to banks on the reserves they held with the Fed
• D)all of the above
• E)none of the above

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Definitions:

Pilot Project

An initial small-scale implementation that is used to test the viability of a project or idea before it is executed on a larger scale.

Union Resistance

Opposition or reluctance by employees or their representatives to changes or policies proposed by management, often due to concerns over wages, working conditions, or job security.

Creative Training

Instructional approaches designed to stimulate innovation, creativity, and problem-solving skills among participants.

Positive Affect

The experience of pleasant emotions and moods, such as joy, happiness, and enthusiasm.