Which of the Following Statements Is a True Reflection of What

Multiple Choice

Which of the following statements is a true reflection of what happened in the aftermath of the financial crisis in 2008?
(i) Barack Obama signed a fiscal package aimed at stimulating the economy.
(ii) Monetary policies were implemented in countries across the world to increase the flow of credit.
(iii) The UK economy entered recession after the US in 2008.
(iv) The UK government has the aim of a balanced current budget by 2015/2016.
(v) Within the EU, a new Fiscal Compact Agreement requires that from January 2013 national governments not only abide by the Stability and Growth Pact, but also keep structural deficits below 0.5% of GDP.
(vi) The UK government has operated a much looser fiscal policy to stimulate the economy.
(vii) The US government has, through a tight fiscal policy, managed to reduce its budget deficit to within 0.5% of GDP.

A) (i) , (ii) , (iv) and (v)
B) (i) , (iv) and (vii)
C) (i) , (iv) and (v)
D) (ii) , (iii) , (vi) and (vii)
E) (iii) , (iv) , (v) and (vi)