QUESTION 9 What is true about fiscal policy historically during US recessions according to Lucking and Wilson (2013)? O During recessions tax revenue FALLS and government spending RISES, leading to a PROcyclical pattern of fiscal policy. O During recessions tax revenue RISES and government spending FALLS, leading to a COUNTERcyclical pattern of fiscal policy. During recessions tax revenue FALLS and government spending RISES, leading to a COUNTERcyclical pattern of fiscal policy. O 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. O 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. 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