Economy

A, recession B, GDP C, monetary policy D, unemployment rate. E, inflation. F, fiscal policy. G, interest rates H, economic growth After the 2008 financial crisis, many countries experienced a severe (1)_____. To combat this, governments implemented various (2)_____, such as increasing government spending and cutting taxes. Central banks also used (3)_____, including lowering (4)_____, to stimulate the economy. However, these policies often led to increased (5)_____ and government debt. Over time, as economies recovered, governments typically shifted their focus towards (6)_____, aiming to control (7)_____ and promote sustainable (8)_____

2, Fill-in-the-Blank A sustained increase in the general price level of goods and services is called _______. (Options: inflation, recession, deflation) The government often uses _______ policy to influence the economy by changing taxation and public spending. (Options: fiscal, monetary, supply) A situation in which the supply of goods exceeds demand is known as _______. (Options: surplus, deficit, equilibrium) When a company has total control over an industry, it is called a _______. (Options: monopoly, market share, competition) _______ unemployment happens when workers are between jobs or are looking for their first job. (Options: Structural, Frictional, Cyclical)