Which of the following statements best describes monetary policy during the Great Recession?
A) During the wake of the Great Recession,there were significant expansionary monetary policy interventions.
B) During the wake of the Great Recession,there were significant contractionary monetary policy interventions.
C) During the wake of the Great Recession,there was a lack of monetary policy interventions.
D) Monetary policy during the Great Recession was completely unexpected.
E) Monetary policy during the Great Recession had no impact in the short run.

Question

Quizplus · Accepted Answer

During the Great Recession, central banks around the world conducted significant expansionary monetary policy interventions in order to stimulate economic growth and stabilize financial markets. This included lowering interest rates to historic lows, implementing quantitative easing programs, and providing liquidity to banks through various lending facilities. These policies were aimed at increasing spending, investment, and lending, while also boosting confidence among businesses and consumers.

Which of the Following Statements Best Describes Monetary Policy During