The recession of 2001 was very short lived since
A) real GDP already had decreased in the last quarter of 2000, but started to increase again in the third quarter of 2001
B) the Fed aggressively cut interest rates as soon as the economy started to slow down
C) G) W. Bush's tax cuts helped to increase GDP growth
D) all of the above
E) only B and C
Correct Answer:
Verified
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