A) A reduction in the interest rate can be used to increase output.
B) Fiscal policy is more important.
C) Interest rate is zero.
D) Large increases in spending and cuts in taxes were not enough to avoid the recession.
ANSWER:
A
A) A reduction in the interest rate can be used to increase output.
B) Fiscal policy is more important.
C) Interest rate is zero.
D) Large increases in spending and cuts in taxes were not enough to avoid the recession.
ANSWER:
A