Which of the Following Contributed to the Weak Recovery from the 2008-2009

question 75

Multiple Choice

Which of the following contributed to the weak recovery from the 2008-2009 recession?

• A)the restrictive monetary policy followed by the Fed
• B)constant policy changes that created uncertainty and thereby retarded private business investment
• C)sharp reductions in federal spending that were designed to achieve a balanced federal budget
• D)failure to run budget deficits that were large enough to exert an impact on aggregate demand

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Definitions:

Compensation System

The complete package of pay and benefits that employees receive in exchange for their work, encompassing base salary, bonuses, benefits, and any other forms of remuneration.

Food Processing

The transformation of agricultural products into food, or of one form of food into other forms.

Legislated Constraints

Legal limitations or requirements that organizations must comply with in their operations, including those related to labor, safety, and environmental standards.

Employment Standards Act

Legislation that outlines the minimum standards of employment, including wages, working hours, and conditions, that must be provided to employees by employers.