In 2009, the Obama Administration Advocated and Congress Passed a Massive

Multiple Choice

In 2009, the Obama administration advocated and Congress passed a massive spending and tax relief package of about $800 billion to stimulate aggregate demand. This policy would be favored by

A) Keynesian economists but not new Keynesian economists.
B) monetarists but not new classical economists.
C) Keynesian and new Keynesian economists.
D) monetarists and new Keynesian economists.