Which of the following is among the possible reasons that the 2007-2009 financial crisis did not result in an economic depression?
A)the declaration of a bank holiday by the nation's President
B)international policy coordination
C)strict reliance on conventional monetary policy
D)government spending restraint

Question

Quizplus · Accepted Answer

The international policy coordination among countries helped to prevent the financial crisis from turning into a depression. Cooperation among nations allowed for measures such as coordinated interest rate cuts and the establishment of bailout funds, which helped stabilize markets and prevent a global economic collapse. The other options (A, C, and D) are not significant factors that prevented the crisis from turning into a depression.

Which of the Following Is Among the Possible Reasons That