Initial (First and Second Quarter 2020) Fiscal Policy Actions to Combat

question 6

Multiple Choice

Initial (first and second quarter 2020) fiscal policy actions to combat the COVID-19 Recession included which of the following?

• A) Funding for large infrastructure projects to create jobs
• B) Financial assistance to state and local governments to make up for revenue losses
• C) Support to individuals/households directly affected by health costs of COVID-19 infection
• D) All of these are correct.
• E) None of these is correct.

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Definitions:

Real Federal Spending

Government expenditure adjusted for inflation, reflecting the actual purchasing power of spending.

19th Century

The period from January 1, 1801, to December 31, 1900, characterized by industrialization, colonization, and significant cultural and technological advancements.

20th Century

A period extending from January 1, 1901, to December 31, 2000, marked by significant technological, social, and political changes worldwide.

Federal Spending

Expenditures made by the government of a country on national-level services and projects.