38. One policy used by the Fed to lessen the severity of the recession in 2020 was to:

lower the Fed Funds Rate

increase taxes on commercial banks

raise the reserve requirement

end quantitative easing

39. The Congressional Budget Office currently expects that the:

Recovery from the pandemic recession will be slow over the next few years

Recession will last for most of the decade

Unemployment rate will rise to 10 percent by next December

Budget and trade deficits will boost the value of the dollar

40. Action at the end of 2020 by the federal government to enact a pandemic relief stimulus package was an example of an expansionary:

Fiscal policy

Environmental policy

Trade policy

Monetary policy