Question
What type of fiscal policy was enacted in the form of the Economic Stimulus Act of 2008?
Multiple choice question.
Expansionary fiscal policy
Contractionary fiscal policy
Neutral fiscal policy
Multiple choice question.
Expansionary fiscal policy
Contractionary fiscal policy
Neutral fiscal policy
Answers
GPT-4o mini
The Economic Stimulus Act of 2008 enacted **expansionary fiscal policy**. This type of policy is aimed at stimulating the economy by increasing government spending or providing tax rebates to consumers, thereby encouraging increased consumer spending and investment.