Issues in Economics Today 7th Edition by Robert Guell

Exercise 9

Assign the correct label to the corresponding events/policy actions that occurred during the 2007-2011 time period.
Events/policy actions: TARP, the 2009 stimulus package, the 2010 extension of the Bush tax cuts, the reduction in taxes most Americans paid because they had less income than they would have had.
Label: discretionary fiscal policy, nondiscretionary fiscal policy.