During the recession of 2008 - 2009:

Multiple Choice

a) the federal government was able to achieve a balanced budget even though it undertook various policies to stimulate the economy.

b)the federal government took no action to stimulate the economy, and instead left it to the private sector to try to eliminate the recessionary gap.

c)the federal government undertook various policies intended to stimulate private spending and investment.

d)the federal government undertook various policies that ultimately resulted in an inflationary expenditure gap.