During the First Year of the Obama Administration in 2009

question 61

Multiple Choice

During the first year of the Obama administration in 2009, the American economy experienced

• A)low unemployment.
• B)stagnation.
• C)slow rate of growth.
• D)deflation.

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Definitions:

Promotion

Marketing strategies aimed at increasing the visibility, sales or acceptance of a product or service.

Monthly Compounded

The process of calculating interest each month and adding it to the total amount owed, thus earning interest on interest from the following month.

Semi-Annually Compounded

Describes the methodology of applying interest to a principal amount two times within a year.

Quarterly Payments

Payments made four times a year, typically for loans, mortgages, or other financial products.