Multiple Choice
In the face of the 2007-2009 recession, the President, Congress, and the Fed
A) decided to rely on the self-correcting mechanism of the economy to eliminate inflation.
B) decided to rely on the self-correcting mechanism of the economy to reduce unemployment.
C) pursued an active policy to balance the budget and fight inflation.
D) pursued an active policy to expand aggregate demand.
Correct Answer:
Verified
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