Countercyclical policy was relatively uncomplicated for Keynesian economists. It simply required that

a. during recession, government runs budget surpluses and the Fed expands the money supply, while during prosperity, government runs budget deficits and the Fedcontracts the money supply
b. during recession, government runs budget surpluses and the Fed contracts the money supply, while during prosperity, government runs budget deficits and the Fedexpands the money supply.
c. during recession, government runs budget deficits and the Fed expands the money supply, while during prosperity, government runs budget surpluses and the Fedcontracts the money supply.
d. during recession, government runs budget deficits and the Fed contracts the money supply, while during prosperity, government runs budget surpluses and the Fedexpands the money supply.
e. during recession, government runs budget deficits and during prosperity, government runs budget surpluses. The Fed should not get involved with expanding orcontracting the money supply according to Keynesians.

C