One of the key U.S. government interventions to address the economic fallout of the recession of 2008 was
a. nationalization of a handful of American banks.
b. creating a Troubled Assets Relief Program (TARP) to give hundreds of millions of dollars to buy toxic assets and inject cash into the nation's biggest banks and corporations.
c. liquidation of all of the mortgage assets of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Mortgage Corporation (Freddie Mac).
d. a massive income and business tax cut to stimulate business activity.
e. None of these choices are correct.
Question 2
The Great Recession of 2008 that rocked the world in the autumn of that year was
a. precipitated by the bursting of the American housing bubble.
b. prompted by the sudden, unanticipated ending of the Federal Reserve System's easy-money policies.
c. caused by the unsuccessful nationalization of the two biggest mortgage companies, Freddie Mac and Fannie Mae.
d. caused by the collapse of the Wall Street investment firm of Lehman Brothers.
e. not immediately addressed by the Bush administration, which took several months before responding to the economic collapse.
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
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economic question