In 2009, just after taking office, President Obama approved an $800 billion stimulus package of tax cuts and increased government spending to combat the recession brought on by the financial crisis of 2007. Which group of economists most approved of President Obama's actions?
A) Keynesian economists
B) classical economists
C) monetarists
D) free market economists

Question

Quizplus · Accepted Answer

Keynesian economists are most likely to approve of President Obama's actions because Keynesian economic theory advocates for increased government spending and lower taxes to stimulate demand and pull the economy out of a recession.

In 2009, Just After Taking Office, President Obama Approved an $800