The USFiscal Stimulus in 2009 Did Not Increase GDP Substantially Because

question 82

Multiple Choice

The U.S.fiscal stimulus in 2009 did not increase GDP substantially because

• A)the Federal Reserve was decreasing interest rates and real-world estimates for the multiplier might be less than one.
• B)the Federal Reserve was increasing interest rates and real-world estimates for the multiplier might be less than one.
• C)state governments were decreasing spending and real-world estimates for the multiplier might be less than one.
• D)state governments were increasing spending and real-world estimates for the multiplier might be less than one.

---

Definitions:

Knowledge Society

A society where the creation, distribution, and manipulation of information are significant economic, political, and cultural activities.

Frederick W. Taylor

An American mechanical engineer widely known for his theories on scientific management aimed at improving economic efficiency and labor productivity.

Make Or Buy

A decision-making process used by companies to determine whether products or services should be produced in-house or purchased from an external supplier.

Global Organizations

Companies that operate and have a presence in multiple countries around the world, often involved in international trade and commerce.