The USFiscal Stimulus in 2009 Did Not Increase GDP Substantially Because

Multiple Choice

The U.S.fiscal stimulus in 2009 did not increase GDP substantially because

A) the Federal Reserve was decreasing interest rates and real-world estimates for the multiplier might be less than one.
B) the Federal Reserve was increasing interest rates and real-world estimates for the multiplier might be less than one.
C) state governments were decreasing spending and real-world estimates for the multiplier might be less than one.
D) state governments were increasing spending and real-world estimates for the multiplier might be less than one.