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During and Following the Severe Recession of 2008-2009,the Fiscal Policy

Question 41

Multiple Choice

During and following the severe recession of 2008-2009,the fiscal policy of the United States was


A) similar to the response of Japan to a severe recession during the early 1990s.
B) similar to the response of Canada to an economic crisis during the latter half of the 1990s.
C) dramatically different than the response of Japan to a severe recession during the early 1990s.
D) similar to the highly successful fiscal policy of the United states during the 1990s: government expenditures were reduced as a share of GDP and the budget was shifted toward a surplus.

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