The U.S.fiscal policy implemented in 2008 was an attempt to
A) give billions of dollars to businesses and low- and middle-income Americans in order stimulate business investment and consumption expenditure, thereby increasing AD.
B) give billions of dollars to businesses and low- and middle-income Americans in order stimulate business investment and consumption expenditure, thereby increasing SAS.
C) decrease interest rates in order to stimulate business investment and consumption expenditure, thereby increasing AD.
D) decrease the exchange rate in order to boost net exports, thereby increasing AD.

Question

Quizplus · Accepted Answer

The U.S. fiscal policy implemented in 2008 included the Economic Stimulus Act, which gave billions of dollars in tax rebates to low- and middle-income Americans and provided incentives for businesses to invest in new equipment and hire more workers. This was done to stimulate business investment and consumption expenditure, thereby increasing aggregate demand (AD) and promoting economic growth.

The USFiscal Policy Implemented in 2008 Was an Attempt to