What steps did the Federal government take to stimulate the American economy when the recession of 2008-09 hit?
A. It raised both taxes and spending.
B. It raised taxes and cut spending.
C. It cut both taxes and spending.
D. It cut taxes and raised spending.
Answer: D. It cut taxes and raised spending.
You might also like to view...
The cost of producing aspirin increases simultaneously as doctors find that one aspirin per day reduces the risk of heart attacks. The supply of aspirin ________ and the demand for aspirin ________ so that the equilibrium price of aspirin ________
A) increases; increases; rises B) decreases; increases; rises C) increases; decreases; might rise, fall, or stay the same D) decreases; increases; might rise, fall, or stay the same
If your cumulative Grade Point Average (GPA) after two years of college is 3.0, and your grades for the current semester average 3.5, what will happen to your cumulative GPA? Explain the similarity of this example to the case of marginal cost and average cost.
What will be an ideal response?
The federal funds rate is the interest rate on short-term loans made by:
A. the Federal Reserve to commercial banks. B. commercial banks to other commercial banks. C. the federal government to commercial banks. D. the Federal Reserve to the federal government.
Money market mutual funds are hard to classify because they are used both for making transactions and for savings.
Answer the following statement true (T) or false (F)