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In response to Covid, starting in early 2020, the U.S. government ______________ and the
Federal Reserve______________.
A. passed a series of large spending bills in an attempt to increase AD; drove interest rates to
exceptionally low levels.
B. attempted to shift the AD curve to the left; attempted to shift the AD curve to the right.
C. responded as would be recommended by classical economics; pursued activist monetary
policy.
D. A and B are correct but not C.

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In response to Covid- starting in early 2020- the U-S- government ____.pdf

  • 1. In response to Covid, starting in early 2020, the U.S. government ______________ and the Federal Reserve______________. A. passed a series of large spending bills in an attempt to increase AD; drove interest rates to exceptionally low levels. B. attempted to shift the AD curve to the left; attempted to shift the AD curve to the right. C. responded as would be recommended by classical economics; pursued activist monetary policy. D. A and B are correct but not C.