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:

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Problem-Solving Abilities

The capacity to identify, analyze, and resolve issues through logical and creative thinking.

Baby Boomers

The demographic cohort born approximately between the years 1946 and 1964, noted for their significant impact on economy, culture, and politics.

Leadership Positions

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