In the Face of the 2007-2009 Recession, the President, Congress

Multiple Choice

In the face of the 2007-2009 recession, the President, Congress, and the Fed

A) decided to rely on the self-correcting mechanism of the economy to eliminate inflation.
B) decided to rely on the self-correcting mechanism of the economy to reduce unemployment.
C) pursued an active policy to balance the budget and fight inflation.
D) pursued an active policy to expand aggregate demand.