In 2008, at the Depth of the Great Recession, the Fed

question 292

Multiple Choice

In 2008, at the depth of the Great Recession, the Fed moved toward a ZIRP when it aimed to keep the Federal funds rate between

• A) 2.5 percent and 3.0 percent.
• B) 2 percent and 2.5 percent.
• C) 1.0 percent and 1.25 percent.
• D) 0 and 0.25 percent.

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Definitions:

Microaggressions

Everyday verbal, nonverbal, and environmental slights, snubs, or insults, whether intentional or unintentional, which communicate hostile, derogatory, or negative messages to target persons based solely upon their marginalized group membership.

Subtle Prejudice

A form of prejudice that is not overtly expressed, oftentimes manifesting in indirect, nuanced, or unconscious biases against certain groups.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, even though it was not foreseeable.

Explicit Prejudice

Negative attitudes or beliefs that are consciously held and openly expressed towards a group or individual based on characteristics such as race, gender, or ethnicity.