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 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 businesses closed
increase in unemployment as businesses closed

decrease in spending on housing and cars

Answer 1

The most direct effect of actions taken by the government during the Great Recession of 2007 is:

increase in consumer and business spending

This is primarily due to government interventions such as the Economic Stimulus Act of 2008 and various monetary policies implemented by the Federal Reserve, aimed at encouraging spending and investment to stimulate the economy.