Which of the following occurred during and following the 2008-2009 recession?
A) Unemployment benefits were extended from their normal 26 weeks to up to 99 weeks.
B) The Federal Reserve more than doubled the size of the monetary base.
C) The federal budget deficit expanded to approximately 10 percent of GDP.
D) All of the above are true.

Question

Quizplus · Accepted Answer

A) Unemployment benefits were extended from their normal 26 weeks to up to 99 weeks to provide support for those who lost their jobs due to the recession.
B) The Federal Reserve more than doubled the size of the monetary base through various measures like increasing the money supply, lowering interest rates, and quantitative easing to stimulate the economy and encourage borrowing and investing.
C) The federal budget deficit expanded to approximately 10 percent of GDP due to increased government spending on stimulus programs and decreased tax revenues from the economic downturn.

Which of the Following Occurred During and Following the 2008-2009