In 2008, the federal Ben Bernanke made credit more available within the US financial system by loaning money to banks. This action was to encourage a (n) contraction expansion peak trough

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Serena Goodman

29 May, 01:50

In 2008, the federal Ben Bernanke made credit more available within the US financial system by loaning money to banks. This action was to encourage a (n) contraction expansion peak trough

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Charlotte Odom · Answer 1

This action was to encourage an "expansion" since the thinking behind the action was that it would increase the money supply, which meant that more people would borrow and spend.