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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![**Question 1**
One important reason why the Great Recession and the COVID Recession were shorter than the Great Depression is:
- A. housing prices did not increase as much before the Great Recession and the COVID Recession as before the Great Depression
- B. proactive monetary and fiscal policy
- C. the Federal Reserve did not exist until after the Great Depression
- D. macroeconomics was not established as the field of economics before the 1930s](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F31f97948-18a5-4c2c-8f18-17922ae1d8a0%2F6624e057-48d1-4d78-8e5b-3cd01b13bc40%2Fvxoxgb_processed.png&w=3840&q=75)
Transcribed Image Text:**Question 1**
One important reason why the Great Recession and the COVID Recession were shorter than the Great Depression is:
- A. housing prices did not increase as much before the Great Recession and the COVID Recession as before the Great Depression
- B. proactive monetary and fiscal policy
- C. the Federal Reserve did not exist until after the Great Depression
- D. macroeconomics was not established as the field of economics before the 1930s
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