Multiple Choice
Which of the following is not a reason why the stimulus package that the government implemented during the Great Recession of 2007-09 did not have as strong an impact on GDP and unemployment as expected?
A) Households had very high debt levels.
B) Consumers raised their saving rates.
C) The stimulus package caused prices to fall in many sectors.
D) The effects of the stimulus package were diffuse and spread thinly among many sectors.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: The labels for the axes of the
Q42: Graphically, demand-pull inflation is shown as a<br>A)rightward
Q43: When aggregate demand declines, some firms may
Q44: The shape of the immediate-short-run aggregate supply
Q45: The short-run version of aggregate supply assumes
Q49: The real-balances effect on aggregate demand suggests
Q50: The immediate-short-run aggregate supply curve represents circumstances
Q51: When aggregate demand declines, many firms may
Q94: Other things equal, an increase in productivity
Q107: The determinants of aggregate supply<br>A) are consumption,