What,if anything,did policymakers do in response to the recession of 2001?
A) tax cuts and expansionary monetary policy
B) only tax cuts
C) only expansionary monetary policy
D) neither tax cuts nor expansionary monetary policy

Question

Quizplus · Accepted Answer

Policymakers used both tax cuts and expansionary monetary policy in response to the recession of 2001. The Federal Reserve lowered interest rates and used other monetary policy tools to increase the money supply and stimulate economic growth. Additionally, the Bush administration implemented tax cuts, which were aimed at increasing consumer spending and business investment.

What,if Anything,did Policymakers Do in Response to the Recession of 2001