Of the $840 billion American Recovery and Reinvestment Act stimulus package which was enacted in 2009,approximately one-third took the form of ________ and two-thirds took the form of increases in ________.
A) discretionary government spending; transfer payments
B) tax rebates; tax cuts
C) treasury bond purchases; the money supply
D) tax cuts; government expenditures
Correct Answer:
Verified
Q202: An increase in government spending lowers interest
Q203: Long lags associated with the legislative process
Q204: To evaluate the size of the federal
Q205: In preparing their estimates of the stimulus
Q206: Crowding out refers to a decrease in
Q208: As spending on government purchases increases,income rises
Q209: The Congressional Budget Office estimates the size
Q210: If Congress and the president pursue an
Q211: During 1970-1997,the U.S.federal government was
A)in surplus every
Q212: Explain why the timing of fiscal policy
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