In Response to the Great Recession of 2000s, We Initially

question 64

Multiple Choice

In response to the Great Recession of 2000s, we initially saw _________________, followed by _________________.

• A) a boost in federal funding to the states; states cutting spending and government employment
• B) a boost in federal funding to the states; job growth in states' governments
• C) major cuts to federal spending; increased taxes to reduce the deficit
• D) major cuts to federal spending; growth in private business employment
• E) significant job losses; major cuts in federal spending

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Definitions:

Par Value

The nominal or face value of a bond, stock, or coupon as stated by the issuer, which may differ from its market value.

Installments

Regular payments made over a period of time to pay off a debt.

Stock Subscription Plan

A financing agreement allowing investors to subscribe to a new issue of stocks, often with payment and delivery at a later date.

Par Value

Par value is the nominal or face value of a bond, share of stock, or other financial instruments, as stated by the issuing company.