The 2009 Fiscal Stimulus Package Was Passed ________

question 33

Multiple Choice

The 2009 fiscal stimulus package was passed ________.

• A)to prevent the real interest rate from rising
• B)to shift the IS curve to the left
• C)to raise aggregate output at any interest rate
• D)all of the above
• E)none of the above

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Definitions:

Earned Income

Money received for work performed such as wages, salaries, or professional fees.

Tax Credit

A direct reduction in tax liability (not merely a reduction of taxable income) that taxpayers receive for certain expenditures or investments.

Taxpayers

Individuals or entities that are required to pay taxes to a government authority, based on income earned or property owned.

Official Poverty Line

A monetary threshold under which an individual or family is considered to be living in poverty, as defined by government statistics.