Author Question: The 2009 fiscal stimulus package did not work ________. A) in that the IS curve did not shift to ... (Read 96 times)

Caiter2013 · **on:** Jun 30, 2018

The 2009 fiscal stimulus package did not work ________.

A) in that the IS curve did not shift to the right
B) because most of the intended increase in government spending took too long to kick in
C) because the increase in government spending was not enough to offset the decline in autonomous expenditure
D) all of the above
E) none of the above

Question 2

The dual mandate of the Federal Reserve System is to maintain ________.

A) exchange rate and price stability
B) price stability and maximum sustainable employment
C) maximum sustainable employment and GDP growth
D) GDP growth and exchange rate stability