The Fiscal Policy Response to the Recession of 2008-2009 Was

question 47

Multiple Choice

The fiscal policy response to the recession of 2008-2009 was

• A) a substantial increase in the budget deficit just as Keynesian analysis would recommend.
• B) a balanced budget, just as Keynesian analysis would recommend.
• C) a substantial increase in the budget deficit, which was highly inconsistent with Keynesian analysis.
• D) a shift of the federal budget toward a large surplus, which  reflected the views of the critics of Keynesian economics.

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Definitions:

Biopsychosocial Approach

A comprehensive approach in health and psychology that integrates biological, psychological, and social elements to comprehend and manage disease.

Dissociative Identity Disorder

Dissociative Identity Disorder is a psychological condition characterized by the presence of two or more distinct personality states or identities within a single individual, often as a reaction to trauma.

Schizophrenia

A profound mental disturbance evidenced by major deviations in thought, perception of the environment, emotions, linguistic abilities, self-conception, and behavioural patterns.

Medical Perspective

Viewing or analyzing a situation or condition based on scientific knowledge and understanding in the field of medicine.