In an attempt to avert the worst consequences of the financial crisis of 2007 and 2008, the Fed cut the interest rate all the way to zero during the crisis, requiring that it find other ways to stimulate the economy.

Question

Quizplus · Accepted Answer

This statement is true. The Fed did indeed lower interest rates to zero during the financial crisis and had to use other methods to stimulate the economy, such as implementing quantitative easing and providing liquidity to financial institutions.

In an Attempt to Avert the Worst Consequences of the Financial