Recall Application 1, "Avoiding a Liquidity Trap," to Answer the Following

question 115

Multiple Choice

Recall Application 1, "Avoiding a Liquidity Trap," to answer the following questions:
-Which of the following most likely caused the low short- term interest rates in 2008?

• A) The recession caused by the financial crisis forced the Fed to raise the interest rates.
• B) The inflation caused by the financial crisis forced the Fed to raise the interest rates.
• C) The recession caused by the financial crisis forced the Fed to lower the interest rates.
• D) The inflation caused by the financial crisis forced the Fed to lower the interest rates.

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