The 2009 stimulus package passed in February 2009 was designed to provide stimuli over the three year period of 2009,2010,and 2011 with spending increases and income tax reductions in each year.How does this program reduce the time required for fiscal policy to be effective?
A) Reduces recognition and decision lags in 2010 and 2011.
B) Eliminates recognition and decision lags in 2010 and 2011.
C) Eliminates impact lag in 2010 and 2011.
D) Eliminates the need for monetary policy.
Correct Answer:
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