Despite of the budget deficits that resulted from the fiscal stimulus of 2009,:
A) the public debt decreased.
B) interest rates remained very low.
C) interest rates increased to record high levels.
D) crowding-out occurred.

Question

Quizplus · Accepted Answer

Despite the budget deficits resulting from the fiscal stimulus of 2009, interest rates remained very low. This was due to the Federal Reserve's monetary policy of keeping interest rates low to stimulate economic growth. The public debt did not decrease and there is no evidence of crowding-out occurring.

Despite of the Budget Deficits That Resulted from the Fiscal