One important reason why the Great Recession and the COVID Recession were shorter than the Great Depression is O A. housing prices did not increase as much before the Great Recession and the COVID Recession as before the Great Depression O B. proactive monetary and fiscal policy O C.the Federal Reserve did not exist until after the Great Depression O D.macroeconomics was not established as the field of economics before the 1930s

One important reason why the Great Recession and the COVID Recession were shorter than the Great Depression is O A. housing prices did not increase as much before the Great Recession and the COVID Recession as before the Great Depression O B. proactive monetary and fiscal policy O C.the Federal Reserve did not exist until after the Great Depression O D.macroeconomics was not established as the field of economics before the 1930s

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: The Short-run Trade-off Between Inflation And Unemployment

Section: Chapter Questions

Problem 6CQQ

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