The stimulus package of 2009 had the effect of
A)causing higher rates of inflation to occur.
B)giving new foreign aid to help less developed countries.
C)significantly raising the debt to GDP ratio.
D)reducing the primary government deficit.

Question

Quizplus · Accepted Answer

The stimulus package of 2009 involved a significant increase in government spending, which led to a higher level of government debt. This, in turn, caused the debt to GDP ratio to increase.

The Stimulus Package of 2009 Had the Effect of