What was the primary reason for the economic shutdown discussed in the video?
Fed's Mester Not Surprised by 'Very Ugly' Economic Data

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To reduce government spending
To increase job opportunities
To control the spread of the virus
To boost economic growth
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the shutdown affect small businesses according to the video?
It led to increased profits
It provided them with new opportunities
It had no significant impact
It was an unprecedented challenge
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the Fed in the economic recovery process as mentioned in the video?
To increase taxes
To ensure functioning markets
To close down businesses
To reduce interest rates to zero
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected outcome when the economy reopens, according to the video?
No change from the current situation
A recovery in the best possible place
A slow and uncertain recovery
A complete economic collapse
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main goal of the policies being implemented during the shutdown?
To increase the national debt
To eliminate all forms of credit
To support the economy through the shutdown
To permanently close non-essential businesses
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