Which of the following occurred during the recession of 2008-2009?
A)Both after-tax consumption and government expenditures declined.
B)Both after-tax consumption and investment expenditures declined.
C)Both government expenditures and investment expenditures declined.
D)Government expenditures declined but after-tax consumption increased

Question

Quizplus · Accepted Answer

During the recession of 2008-2009, both after-tax consumption and investment expenditures declined. This was due to a decrease in consumer confidence and a decrease in business investments. Government expenditures, on the other hand, increased as the government implemented various measures to stimulate the economy.

Which of the Following Occurred During the Recession of 2008-2009