Which of the Following Attributes of the Recession of 2008-2009

question 87

Multiple Choice

Which of the following attributes of the recession of 2008-2009 is most supportive of the Keynesian view that the crowding-out effect will be minimal during a severe recession?

• A) the immediate increase in output and employment generated by the budget deficits of 2008-2009
• B) the decline in the general level of prices during 2009
• C) short-term interest rates falling to near zero, despite growing budget deficits during 2008-2009
• D) short-term interest rates falling to near zero, as the budget deficit declined during 2008-2009

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Definitions:

Performance Management Systems

Systems designed to improve and maintain employee performance through goal-setting, feedback, and coaching.

Proactive

An approach characterized by taking initiative and action to prevent problems before they arise, rather than reacting to them after they occur.

Complex

Composed of many interrelated parts or elements, intricate, or difficult to understand.

Performance Review Session

A performance review session is a formal meeting between an employee and their supervisor to assess the employee's work performance, discuss goals, and provide feedback.