Recall Application 3, "Evaluating the Obama Fiscal Stimulus" to Answer

question 21

Multiple Choice

Recall Application 3, "Evaluating the Obama Fiscal Stimulus" to answer the following questions:
-According to the application, which of the following was part of the methodology used by the Council of Economic Advisers when estimating the effects of the stimulus package?

• A) They did not distinguish the economic effects of fiscal policy from monetary policy.
• B) They assumed standard/ conventional fiscal multipliers for the economy.
• C) They assumed that countries with the larger and more aggressive fiscal policies improved the most.
• D) All of the above are correct.

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