Which is not a belief of Higgs or Say? Markets will adjust naturally without government interaction. If markets can't clear it is a sign of government interference. The collapse of investment shows that saving is pointless during a recession. The existence of unions worsens the recession problem. The collapse of investment is due to uncertainty. 2 points QUESTION 2 The idea that the recovery from the depression of 1920-1921 would require hard work, saving and forgoing needless spending was the view of: President Harding. President Wilson. President Hoover. President Coolidge. President Roosevelt. 2 points QUESTION 3 As a response to the 2001 recession, the Fed lowered the federal funds rate down to a low of about: 3% 2.5% 2% 1% 0.25% 2 points QUESTION 4 According to Wallison, previous to Bear Stearns, how many other large nonbank firms had been rescued with a government bailout? None. One. Two. Three. Fifteen