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Question 22 (1 point)<br/>Which of the following statements is true

about the Great Recession (December 2007-June 2009)?
 a
The Federal Reserve lowered short-term interest rates to almost zero in order to stimulate investment and consumption during the recession.
 b
The Federal government undertook a massive public spending program and cut taxes in order to increase demand.
 c
The Federal government pursued the smallest peacetime spending program.
 d
All of the above.
 e
Only a) and b)
Question 23 (1 point)
Which of the following statements is true?
 a
The number of discouraged workers and part-time workers for economic reasons decreased significantly during the Great Recession.
 b
A large proportion of jobs created after the Great Recession are low-paying jobs, which affect the ability of families to buy what they need.
 c
In the mid- and late 1970s, oil price shocks caused cost-push inflation, rising unemployment, and a negative GDP gap.
 d
All of the above.
 e
Only b) and c)
Question 24 (1 point)
Which of the following statements is true?
 a
The world experienced the 1973 oil crisis and the 1979 energy crisis. And as a result of these two crises, the US experienced the severe recession of 1973-1975, and the 1980 recession.
 b
In 2005, a conflict in the Middle East, combined with rapidly rising demand for oil in India and China, pushed oil prices above $60 per barrel.
 c
In 2007 oil prices increased again to $50 per barrel, and in July of 2008 oil prices increased to $140 per barrel, but inflation didn't occur.
 d
All of the above.
 e
Only a) and b)

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Subject: Business, Economics

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