In the fall of 2007,it was clear that the U.S.economy was slowing.The unemployment rate rose from 4.4% to 5% between May and June 2007,and real GDP grew by just 1.7% in the fourth quarter.The U.S.economy officially entered the recession in December 2007.We now know that the nation's economy was entering several years of low growth and high unemployment.Many economists believe that a decline in aggregate demand was one cause of the recession.What did the Federal Reserve do in response to this decline in aggregate demand?

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The Answer of In the fall of 2007,it was clear that the U.S.economy was slowing.The unemployment rate rose from 4.4% to 5% between May and June 2007,and real GDP grew by just 1.7% in the fourth quarter.The U.S.economy officially entered the recession in December 2007.We now know that the nation's economy was entering several years of low growth and high unemployment.Many economists believe that a decline in aggregate demand was one cause of the recession.What did the Federal Reserve do in response to this decline in aggregate demand?

In the Fall of 2007,it Was Clear That the U