Which of the Following Occurred During and Following the 2008-2009

question 41

Multiple Choice

Which of the following occurred during and following the 2008-2009 recession?

• A) Unemployment benefits were extended from their normal 26 weeks to up to 99 weeks.
• B) The Federal Reserve more than doubled the size of the monetary base.
• C) The federal budget deficit expanded to approximately 10 percent of GDP.
• D) All of the above are true.

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Definitions:

Partners

Individuals who share ownership of a legal entity or business, often sharing profits, losses, and managerial responsibilities.

Principal

Principal refers to the amount of money originally invested or loaned, on which interest is calculated.

Authorized

Officially permitted or endowed with legal power or right by a legal or regulatory body.

Corporate Securities

Financial instruments such as stocks and bonds issued by corporations to raise capital, representing ownership or debt obligations.