After the 2001 recession, the Federal Reserve Board attempted to stimulate the economy by
A) Raising taxes to encourage more Americans to save money.
B) Lowering the value of the U.S. dollar compared to foreign currencies.
C) Cutting interest rates to encourage more investments.
D) Encouraging lower tariffs to stimulate more trade.
E) Lobbying Congress to increase spending while reducing taxes.

Question

Quizplus · Accepted Answer

The Federal Reserve Board attempted to stimulate the economy after the 2001 recession by cutting interest rates, which encourages borrowing and investment by making it cheaper to borrow money.

After the 2001 Recession, the Federal Reserve Board Attempted to Stimulate