24) Great Recession and Great Depression were similar except

Stock Market crash

High Unemployment

Bad loans by banks

Role of the Fed

25) The various kinds of automatic stabilizers are:

Increased Defense spending

All of them

Expansionary Monetary Policy

Taxes and Transfer payments

29) Internet Revolution in the 1990’s was an example of

Negative Supply shock

Positive demand shock

Negative Demand shock

Positive Supply shock

33) To close a recessionary gap, the Fed would

increase the money supply

increase interest rates.

decrease the money supply.

sell bonds.

Answer rating: 100% (QA)

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