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During 2001, the US economy slipped into a recession. For the next several years, the Fed and Congress used monetary and fiscal policies in an attempt to stimulate the economy Federal Funds Government Period Rate spending Taxes Surplus deficit Jan 2000 5 45% $1,8277 $2,032.9 $205 2 June 2000 6.5% $1,8829 52,0647 $181.8 Jan 2001 5.98% $1,905 52,083.8 $1788 June 2001 3.97% $1,968 52,087 5119 Jan 2002 1.75% $2,009,3 $1,9973 -312 June 2002 1.75% 52,108.1 $1,8583 - $2498 Jan 2003 1.24% 52,1562 $1,8631 -$2931 June 2003 1.22% 52 2778 $1,9028 - $375 Jan 2004 1% $2,3024 $1,923.9 - $378.5 June 2004 1.03% $23734 $1,989 - $3844 Jan 2005 2.28% 52 440.8 52 078.3 -- $3625 June 2005 3.049 52,545.4 52 2573 - $2881 Jan 2006 4.29% $2.6346 52 366.9 52677 The values for government spending taxes and surplus deficitare in bilions of dollars and come from the BEA The federal funds rale date come from the Federal Reserve Based on the federal funds rate, the Federal Reserve began expansionary policy between and ended expansionary policy between June 2000 - Jan 2001 Jan 2001 - June 2001 June 2001 - Jan 2002 Jan 2002 - June 2002 June 2002 Jan 2003 Click to select your answers) and then click Check Answer 1 par remaining