Recall Application 3, "Evaluating the Obama Fiscal Stimulus" to answer the following questions:
-According to the application, which of the following was part of the methodology used by the Council of Economic Advisers when estimating the effects of the stimulus package?
A) They did not distinguish the economic effects of fiscal policy from monetary policy.
B) They assumed standard/ conventional fiscal multipliers for the economy.
C) They assumed that countries with the larger and more aggressive fiscal policies improved the most.
D) All of the above are correct.
Correct Answer:
Verified
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