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

---

Definitions:

Confident

Feeling or showing certainty about something or someone, often oneself, and one’s abilities.

Enthusiastic

Showing intense and eager enjoyment, interest, or approval.

Paid Annual Vacation

An employment benefit that offers employees a certain period of paid leave from work each year for rest, recreation, or personal purposes.

Leisure Activities

Recreational actions or pursuits undertaken by individuals in their free time for enjoyment.