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Monetary policy responses were rendered ineffective at the height of the GFC in several countries because these countries were caught in _____.
Economic
Related to the production, distribution, and consumption of goods and services, and the analysis of the wealth of nations and individuals.
Low Income
A financial status where an individual or family earns less than the average or median income, often leading to reduced access to goods and services.
Percentage
A percentage is a portion of 100; it is a way to express a number as a fraction of 100, used to measure or compare the relative size or importance of things.
Ascribed Status
A social position a person is born into or receives involuntarily, based on factors like race, ethnicity, family background, and gender.
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