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Business · Economics
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2. The United States entered a deep recession at the end of 2007.The Fed under Ben Bernanke used aggressive monetary policy to prevent the recession from becoming another Great Depression. The Fed Funds target rate was 5.25 percent in the fall of 2007; by mid-2008, it stood at 2 percent, and in January 2009, it went to a range of 0-0.25 percent, where it still stood through mid-2015. Lower interest rates reduce the cost of borrowing and encourage firms to borrow and invest. Go to the following link http:/Lwww.economist.com/blogsLeconomist-explainsL2015L03Leconomist-explains-5 and write a paragraph about the Feds quantitative easing policy and whether it was successful
Macroeconomics
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