Which of the Following Policy Combinations Was Used by the Government

Multiple Choice

Which of the following policy combinations was used by the government during the financial crisis of 2007-2009 in the United States?

A) Income tax rates were increased, and payroll taxes were reduced.
B) Payroll tax rates were increased, and government spending was reduced.
C) The federal funds rate was decreased, and the quantity of required reserves was increased.
D) A combination of both fiscal and monetary policies was used.