Which of the following is an effect of actions taken by the government during the Great Recession of 2007?(1 point)

Question

Responses

decrease in spending on housing and cars
decrease in spending on housing and cars

decrease in spending as debt increased
decrease in spending as debt increased

increase in consumer and business spending
increase in consumer and business spending

increase in unemployment as business closed

Answer 1

The most appropriate response regarding the effects of actions taken by the government during the Great Recession of 2007 would be:

increase in unemployment as business closed

While the government took various actions to stabilize the economy, such as stimulus packages and monetary policy changes, the overall effect during the recession included significant business closures and increased unemployment.