Compared with the recovery from the recession of 1981-82, the recovery from the recession of 2008-09 was characterized by
A)more rapid growth of real GDP.
B)a more rapid decline in the rate of unemployment.
C)larger increases in both government spending and budget deficits as a share of GDP.
D)higher interest rates and a more restrictive monetary policy.

Question

Quizplus · Accepted Answer

The recovery from the 2008-09 recession involved significant government intervention, including increased government spending and larger budget deficits relative to GDP, as part of efforts to stimulate the economy.

Compared with the Recovery from the Recession of 1981-82, the Recovery