The Federal Reserve Is Blamed by Some for the Recession

question 53

Multiple Choice

The Federal Reserve is blamed by some for the recession of 2007-2009 because it

• A)raised interest rates too fast in 2005-2007.
• B)lowered interest rates too fast in 2008.
• C)kept interest rates high in 2005-2007.
• D)kept interest rates too low prior to 2005 leading to a housing boom (that ultimately went bust.

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Definitions:

Reasonable Accommodations

Modifications or adjustments to a job, the work environment, or the way things are usually done to enable individuals with disabilities to enjoy equal employment opportunities.

Essential Functions

Core duties or tasks of a job that are necessary to carry out the position's purposes and requirements.

Disparate Impact Claim

A legal claim that alleges policies or practices have a discriminatory effect on a protected class, even if the discrimination was not intentional.

Minimum Wage

The lowest legal hourly pay for workers, set by government law.