Both monetary policy and fiscal policy were used in response to the recession of 2007-2009.

Question

Quizplus · Accepted Answer

Both monetary policy (controlled by the Federal Reserve) and fiscal policy (controlled by Congress and the President) were used to try to stimulate the economy and combat the effects of the recession. The Federal Reserve lowered interest rates and implemented other measures to increase the money supply, while Congress passed stimulus packages and other spending measures.

Both Monetary Policy and Fiscal Policy Were Used in Response