Which of the following is true of stimulus policy enacted in 2009?
a. We can be sure that it reduced the severity of the recession because the recession was less severe than the Great Depression.
b. We can be sure that it reduced the severity of the recession even though the recession was more severe than the Great Depression.
c. We can not be sure that it reduced the severity of the recession, but the recession was less severe than the Great Depression.
d. We can not be sure that it reduced the severity of the recession because the recession was more severe than the Great Depression.
c
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There is a strong link between changes in the money supply and inflation
A) in neither the short run nor the long run. B) in the short run, but not in the long run. C) in the long run, but not in the short run. D) in both the short run and the long run.
Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to remain the same and monetary base to fall. b. Demand for real goods and services to remain the same and M2 money supply to rise. c. Demand for real goods and services to rise and M2 money multiplier to remain the same. d. Demand for real goods and services to remain the same and M2 money supply to fall.