Which of the Following Was True of the Actions of the Federal

question 79

Multiple Choice

Which of the following was true of the actions of the Federal Reserve in response to the recession of 2008?

• A) The Fed shifted toward a highly restrictive monetary policy in 2008, which was a major cause of the recession.
• B) The Fed continued to focus only on price stability and therefore it expanded the money supply at a slow and steady rate throughout the recession.
• C) The Fed introduced several new procedures for the conduct of monetary policy and it increased the monetary base rapidly as the recession worsened.
• D) The Fed continued to purchase and sell only U.S. Treasury bonds when conducting open market operations to control the money supply.

Understand the role of independent contractors in business.

Grasp the concept of startup costs and financial planning for new businesses.

Understand the process of turning hobbies into viable businesses.

Appreciate the importance of research and intuition in identifying business opportunities.

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Definitions:

Culture

The ideas, customs, and social behavior of a particular people or society.

Nonverbal Communication

Interaction that occurs without words, utilizing methods such as physical gestures and facial expressions to express feelings and convey messages.

Attitudes

Attitudes are settled ways of thinking or feeling about something, typically reflected in a person's behavior.

Emotions

Complex psychological states involving subjective feelings, physiological arousal, and expressive behaviors.