Expansionary policy that followed the 2008 recession:
A)led to higher inflation rates than expected.
B)did not reduce unemployment as much as desired.
C)did not reduce the trade deficit as much as desired.
D)led to higher growth rates than expected.

Question

Quizplus · Accepted Answer

Expansionary policy following the 2008 recession aimed to reduce unemployment through measures such as stimulus spending and monetary easing. However, the reduction in unemployment was slower and less significant than many policymakers had hoped, indicating that the policy did not achieve its goals as effectively as desired.

Expansionary Policy That Followed the 2008 Recession