In response to the crisis, the U.S. policymakers implemented:
A) only expansionary monetary policy.
B) expansionary fiscal policy and contractionary monetary policy.
C) expansionary fiscal policy and expansionary monetary policy.
D) contractionary fiscal policy and expansionary monetary policy.
E) contractionary fiscal policy and contractionary monetary policy.

Question

Quizplus · Accepted Answer

In response to economic crises, U.S. policymakers often implement both expansionary fiscal policy (such as increased government spending or tax cuts) and expansionary monetary policy (such as lowering interest rates or purchasing government securities) to stimulate economic growth and reduce unemployment.

In Response to the Crisis, the U