Early in 2008, as the Worldwide Recession Intensified in Europe

question 107

Multiple Choice

Early in 2008, as the worldwide recession intensified in Europe, it seemed possible that the U.S. might be able to avoid the recession because

• A)U)S. interest rates remained the highest in the world.
• B)the U.S. dollar was very weak relative to the euro.
• C)U)S. exports were falling at a rapid pace.
• D)the U.S. federal government balanced its budget.

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Definitions:

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