Reasons That the Recession of 2008-2009 Did Not Become a Depression

question 145

Multiple Choice

Reasons that the recession of 2008-2009 did not become a depression include: i. The Fed bailed out troubled financial institutions.
Ii. The government aggressively balanced its budget.
Iii. The government increased its expenditures, which increased aggregate demand.

• A)i only
• B)ii only
• C)iii only
• D)i and iii
• E)i and ii

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Definitions:

Tears

A liquid produced by the lacrimal glands for lubrication, nourishment of the cornea, and protection against infection in the eye.

Macrophages

A type of white blood cell that engulfs and digests cellular debris, foreign substances, microbes, and cancer cells in a process called phagocytosis.

Lymph Nodes

Small, bean-shaped structures that produce and store cells that help fight infection and disease.

Bacteria

Microscopic, single-celled organisms found in diverse environments, capable of causing disease or contributing to health.