Regarding the fiscal policy responses to the 2007-2009 recession, the Congressional Budget Office (CBO) found that:
A) the Bush Administration's fiscal policy worked, but the Obama Administration's did not.
B) the Obama Administration's fiscal policy worked, but the Bush Administration's did not.
C) both the Bush Administration's fiscal policy and the Obama Administration's fiscal policy worked.
D) neither the Bush Administration's fiscal policy nor the Obama Administration's fiscal policy worked.

Question

Quizplus · Accepted Answer

According to the Congressional Budget Office, both the Bush Administration's fiscal policy and the Obama Administration's fiscal policy were effective in mitigating the effects of the recession, although the Obama Administration's policies were more effective in terms of reducing unemployment and increasing economic growth.

Regarding the Fiscal Policy Responses to the 2007-2009 Recession, the Congressional