Question: QUESTION ( i ) ANSWER 1 5 tivity How did the FOMC react to the recession of 2 0 0 7 - 2 0 0

QUESTION (i)
ANSWER
15
tivity
How did the FOMC react to the recession of 2007-2009?
The FOMC decided to leave interest rates unchanged in 2008.
The FOMC increased the target for the fed funds rate steadily in 2008.
The FOMC reduced the target for the fed funds rate steadily in 2008.
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QUESTION ( i ) ANSWER 1 5 tivity How did the FOMC

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