During the financial crisis of 2007-2009, the proper policy response was

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The proper policy response during the financial crisis of 2007-2009 was expansionary monetary and fiscal policy. This meant increasing government spending and reducing taxes to stimulate economic growth, while also reducing interest rates and expanding the money supply to encourage borrowing and investment. This approach was necessary to prevent a complete collapse of the economy and stabilize financial markets.

During the Financial Crisis of 2007-2009, the Proper Policy Response