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Which of the following policy combinations was used by the government during the financial crisis of ...

Which of the following policy combinations was used by the government during the financial crisis of 2007-2009 in the United States?

▸ Income tax rates were increased, and payroll taxes were reduced.

▸ A combination of both fiscal and monetary policies was used.

▸ The federal funds rate was decreased, and the quantity of required reserves was increased.

▸ Payroll tax rates were increased, and government spending was reduced.

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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This helped my grade so much Perfect

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