What Did the Fed Chairman Tell a Congressional Panel in Late

question 21

Multiple Choice

What did the Fed chairman tell a congressional panel in late September 2008?

• A) "In the long run we are all dead."
• B) "If we don't do this [the Troubled Asset Relief Program], we may not have an economy on Monday."
• C) "A recession is when your neighbor loses his job; a depression is when you lose yours."
• D) "Inflation is always and everywhere a monetary phenomenon."
• E) "We do not believe that more fiscal stimulus will improve economic performance."

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Definitions:

Endodermis

The innermost layer of cells in the cortex of plants, regulating water and nutrient uptake.

Parenchyma Cells

Fundamental tissue cells in plants that are involved in photosynthesis, storage, and tissue repair and replacement.

Herbaceous Eudicot

A non-woody flowering plant that belongs to a large group of dicots, characterized by a broad range of leaf shapes and flower structures.

Cortex

The outer layer of various organs and systems in the body, such as the brain (cerebral cortex), responsible for higher order functions, including thought, memory, and sensory processing.