In Response to the Financial Crisis, the Fed Effectively Lowered

question 68

Multiple Choice

In response to the financial crisis, the Fed effectively lowered interest rates to ________ percent.

• A) 1
• B) 5
• C) 0
• D) -1
• E) 3

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Definitions:

Deindustrialization

The process of industrial decline in a region or economy, characterized by the closing of factories and the loss of manufacturing jobs.

Poverty

A state where an individual or community lacks the financial resources and essentials for a minimum standard of living.

Functionalism

A theoretical perspective in sociology and anthropology that interprets each part of society in terms of how it contributes to the stability of the whole.

Conflict Theory

A sociological perspective that emphasizes the social, political, or material inequality of a social group, analyzing the broad socio-political system and its structural components of conflict.