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When President Obama took office in January 2009, he pledged to pursue an expansionary fiscal policy

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When President Obama took office in January 2009, he pledged to pursue an expansionary fiscal policy

When President Obama took office in January 2009, he pledged to pursue an expansionary fiscal policy to try to pull the economy out of the recession. The next month, Congress passed the American Recovery and Reinvestment Act of 2009, a $840 billion package of ________ that was the largest fiscal policy action in U.S. history.
A) spending increases and tax cuts
B) interest rate reductions and increases in the money supply
C) treasury bond purchases and mortgage-backed securities purchases
D) commercial and investment bank bailouts

Textbook

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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