In an Attempt to Avert the Worst Consequences of the Financial

question 47

True/False

In an attempt to avert the worst consequences of the financial crisis of 2007 and 2008, the Fed cut the interest rate all the way to zero during the crisis, requiring that it find other ways to stimulate the economy.

---

Definitions:

Poverty Line

A threshold set by an authority, distinguishing the minimum level of income required to meet basic living needs.

Poverty Line

The minimum level of income deemed necessary to achieve an adequate standard of living in a given country or geographic area.

Adequate Diet

A diet that provides all the essential nutrients, fiber, and energy in quantities and proportions that are sufficient to maintain health and well-being.

Poverty Rate

The proportion of a population living below the national poverty line, indicating the percentage of individuals or families whose income falls beneath the threshold deemed necessary to afford basic living standards.