https://www.frbsf.org/economic-research/publications/economic-letter/2013/june/fiscal-headwinds-federal-budget-policy/

During recessions tax revenue RISES and government spending FALLS, leading to a PROcyclical pattern of fiscal policy. QUESTION 10 What do Lucking and Wilson (2013) find with respect to fiscal policy during and after the Great Recession of 2007-2009? O Federal fiscal policy mainly relied on interest rate cuts unlike policy in prior recessions. Federal fiscal policy followed a very similar trend to earlier recessions. O Federal fiscal policy was more contractionary throughout the Great Recession than was the norm historically. O Federal fiscal policy was more expansionary than usual until mid-2010 and then sharply reversed course to become more contractionary than normal. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Type here to search O O ST W