(Last Word) In response to the Great Recession, the federal government engaged in signiﬁcant deﬁcit-funded spending. What was the result of that spending over the ﬁrst three years?
A) Neither economic growth nor unemployment responded as well as many economists had predicted.
B) Economic growth responded in accordance with predictions, but unemployment remained much higher than anticipated.
C) Economic growth remained sluggish, but the unemployment rate fell to predicted levels.
D) Both economic growth and the unemployment rate responded well, reaching the ﬁscal policy targets set by the government.

Question

Quizplus · Accepted Answer

The deﬁcit-funded spending did not have the intended result, as neither economic growth nor unemployment responded as well as many economists had predicted over the first three years.

(Last Word) in Response to the Great Recession, the Federal