In the 2008-09 recession,the government deficit
A) stayed roughly constant.
B) decreased.
C) increased.
D) would have increased if the government had intervened.

Question

Quizplus · Accepted Answer

During the 2008-09 recession, the government deficit increased. This was due to a combination of factors including decreased tax revenue and increased government spending on programs such as unemployment benefits and stimulus packages aimed at stimulating the economy.

In the 2008-09 Recession,the Government Deficit