The Great Recession Lasted Longer and Was Deeper Than the Average

question 162

Multiple Choice

The Great Recession lasted longer and was deeper than the average recession,in part,because

• A) oil-producing countries dramatically increased oil prices,causing very high inflation.
• B) there was a dramatic cut in military spending in the years leading up to the recession.
• C) the Federal Reserve refused to increase the money supply to stimulate aggregate demand.
• D) the government raised tax rates in an effort to balance the federal budget.
• E) there was a major financial crisis following the collapse of housing prices.

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Definitions:

Social Music

Music experiences or services that integrate social media elements, allowing users to share, discover, and interact with music and artists.

Social Television

An integration of television with social media, where audiences can share, comment, and participate in the content they watch, often in real-time, creating a communal viewing experience even when physically apart.

Social Storefronts

Online storefronts integrated within social media platforms, allowing businesses to sell directly to consumers through these channels.

Alternate Reality Games

Interactive networked narrative games that use the real world as a platform, often involving multiple media and game elements to tell a story that may be affected by participants' ideas or actions.