Why Did Alan Greenspan Receive Criticism During the 2008 Financial

question 171

Multiple Choice

Why did Alan Greenspan receive criticism during the 2008 financial crisis and recession?

• A) Critics argue that Greenspan should have tried to control the rise in AD by reducing the money supply.
• B) Critics argue that Greenspan should have put a cap on home values.
• C) Critics argue that Greenspan left the Fed without any direction as to monetary policy.
• D) Critics argue that Greenspan should have increased the money supply to lower house price inflation.

---

Definitions:

Conversational Language

A relaxed and informal language style similar to everyday spoken dialogue, often used in personal communications or to create a friendly tone in writing.

Goodwill

The positive reputation and brand value that a business acquires beyond its tangible assets, often affecting customer loyalty and market value.

Courtesy

The display of politeness, respect, and consideration for others in behavior and communication.

Conversational Language

A style of language that is informal and similar to everyday spoken communication.