The Dramatic Collapse in the Price of Technology Stocks in 2001-2003

question 259

Multiple Choice

The dramatic collapse in the price of technology stocks in 2001-2003, coupled with a short recession in 2001, caused the Federal Reserve to _____ interest rates to stimulate _____.

• A) raise; employment
• B) lower; employment
• C) raise; prices
• D) lower; prices

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Definitions:

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, radically changing manufacturing processes, society, and the global economy.