Which of the following correctly describes actions of the U.S. government during the recession of 2008-2009?
a. It refused to provide banks funding and made no significant changes in government spending.
b. It refused to provide banks funding but made a large increase in government spending.
c. It became part owner of some banks but made no significant change in government spending
d. It became part owner of some banks and made a large increase in government spending.
d
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Tax increases
a. and increases in government expenditures shift aggregate demand right. b. and increases in government expenditures shift aggregate demand left. c. shift aggregate demand right while increases in government expenditures shift aggregate demand left. d. shift aggregate demand left while increases in government expenditures shift aggregate demand right.
Quotas often:
A) lead to deadweight losses resulting from a wedge between the price of sellers and that of demanders. B) are necessary to increase the quantity of the goods in the market. C) result in few incentives to engage in illegal activities. D) create more efficient market outcomes.