Examlex
Which of the following did the Fed do during the recession of 2008-2009?
Demand
Refers to the quantity of a good or service that consumers are willing and able to purchase at different prices at a given time.
Supply
The total amount of a specific good or service that is available to consumers at a given price level and over a specific period.
Positive Externalities
Benefits received by third parties who are not directly involved in a transaction or activity, leading to potentially under-produced goods or services in a free market.
Market Equilibrium
The state in which market supply and demand balance each other, resulting in stable prices.
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