President George W.Bush and congress cut taxes and raised government expenditures in 2003.Which of the following is not correct?
A) At the time the economy was just moving into a recession.
B) While there was subsequent improvement in economic performance, it's not entirely clear that this was due to the policy.
C) In general monetary policy can be implemented faster than fiscal policy.
D) In general it is easier to reverse monetary policy than to reverse fiscal policy.
Correct Answer:
Verified
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