Question
What type of fiscal policy was enacted in the form of the Economic Stimulus Act of 2008?
Multiple choice question.
Neutral fiscal policy
Contractionary fiscal policy
Expansionary fiscal policy
Multiple choice question.
Neutral fiscal policy
Contractionary fiscal policy
Expansionary fiscal policy
Answers
GPT-4o mini
The Economic Stimulus Act of 2008 enacted **Expansionary fiscal policy**. This act included tax rebates and incentives aimed at increasing consumer spending and stimulating economic growth to counteract the effects of the economic downturn during that period.