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1. Under the more conventional fiscal policy response to the Great Recession, the U.S. government increased...

1.

Under the more conventional fiscal policy response to the Great Recession, the U.S. government increased spending on range of programs and initiatives. This effort was funded under the

American Recovery and Reinvestment Act (ARRA)

Afordable Care Act (ACA, aka "Obamacare")

Troubled Asset Relief Program (TARP)

Federal Reserve Act

2.

During the Great Recession, the U.S. federal budget deficit reached a high of _________. Currently, the federal budget deficit is around ___________

$1.4 trillion, $1.0 trilliion

$1.4 trillion, $1 billion

$1 trillion, $1.4 billion

$1.4 trillion, $140 billion

3.

Some worry that the federal government "bail-out" of the major investment banks creates an incentive for banks to take on risk. This is called

the adverse selection problem

the flight to safety problem

the moral hazard problem

a bunch of baloney
business   economics   
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