In January 2009, the President submitted a bill to Congress that was designed to stimulate the economy and increase employment. The legislation was passed in March 2009, and the spending occurred from June 2009 to September 2010. Consequently
A) the economy should have been at full employment by December 2009.
B) the full impact of the bill would be felt by March 2009 because people anticipated the effects of the increased spending.
C) the full impact of the bill would be felt by the end of September 2010.
D) the full effect of the spending would be felt some time after September 2010 because the full multiplier effects could not be felt until all the increase in spending took place.
Correct Answer:
Verified
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