The claim that when the economy enters a crisis the Treasury Department is expected to lead the response is best illustrated by __________.

Question

Quizplus · Accepted Answer

The Treasury Department's management of the Troubled Asset Relief Program (TARP) during the 2008 financial crisis is a prime example of the agency leading the response to an economic crisis. TARP involved the purchase of toxic assets and equity from financial institutions to strengthen the financial sector.

The Claim That When the Economy Enters a Crisis the Treasury