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Social Sciences 9 Online
OpenStudy (anonymous):

Macroecon Question: Following the beginning of the Great Recession, the Federal Reserve aggressively cut interest rates and expanded the money supply. Meanwhile, the Federal Government enacted a series of large scale expansionary fiscal programs that included tax cuts and government spending increases. Why hasn't the economy recovered faster?

OpenStudy (anonymous):

Here are three options that you could choose from (explain your answer): The fiscal response was not large enough given the depth of the recession. The fiscal response only counteracted the contractionary policy pursued by state and local governments. There is not a trade-off between inflation and unemployment, so that the expansionary policies could only impact the inflation rate.

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