Which of the Following Did Not Occur During the First

Multiple Choice

Which of the following did not occur during the first term of George W. Bush (2001-2005) ?

A) President Bush proposed tax cuts to stimulate a weak economy
B) Tax cuts and increased government spending offered the most fiscal stimulus in a decade
C) Expansionary fiscal policy combined with the Fed's interest rate cuts provided the greatest stimulus of aggregate demand since World War II
D) The unemployment rate dropped significantly in the first two years after the recession
E) In the year before the 2004 presidential election, the economy added 2 million jobs