What did the Federal Reserve do in response to the Great Recession?
A) It conducted open market purchases to drive up interest rates.
B) It conducted open market selling to drive up interest rates.
C) It conducted open market purchases to drive down interest rates.
D) It conducted open market selling to drive down interest rates.
E) It decreased the reserve requirements to drive up interest rates.

Question

Quizplus · Accepted Answer

The Federal Reserve conducted open market purchases to drive down interest rates in response to the Great Recession. This is known as quantitative easing and was done to stimulate borrowing and spending in an effort to boost economic activity.

What Did the Federal Reserve Do in Response to the Great