Characterize President Bush's favored economic policy of pumping billions of federal dollars into shaky banks and firms.

Question

Quizplus · Accepted Answer

President Bush's policy of pumping federal dollars into shaky banks and firms can be characterized as Keynesian. This is because Keynesian economics advocates for government intervention in the economy during times of recession or depression by increasing government spending and using monetary policy to stabilize the economy. In this case, Bush's policy involved increasing government spending to help support struggling financial institutions during the 2008 financial crisis.

Characterize President Bush's Favored Economic Policy of Pumping Billions of Federal