In Response  to the Recession of 2008-2009, the Fiscal Policy of the Federal

Multiple Choice

In response  to the recession of 2008-2009, the fiscal policy of the federal government was

A) highly expansionary, and this Keynesian stimulus promoted a rapid recovery.
B) highly expansionary, but this was largely offset by the Fed's restrictive monetary policy
C) highly restrictive, but this was largely offset by the Fed's highly expansionary monetary policy
D) highly expansionary, but the unemployment rate nonetheless remained high during 2010 and 2011