As a result of recent downsizing at his firm, dominic lost his job as an it manager for a large telecommunications company. a true, self-confirmed computer nerd, dominic knew that several of his past contacts often outsourced their computer problems. he decided it was a good time to test the waters and see if he could secure enough computer clients to be in business for himself. his success demonstrated that:

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.