Question: Check all of the following that are true about the response to the financial crisis of 2009. greater government intervention into the economy was the hallmark of the incoming Obama administration and its “stimulus” package that passed through Congress in February 2009 following the enactment of the stimulus package, the unemployment rate continued to rise,Show transcribed image textOption a and c are correct statements. That is greater government intervention into the economy was the Hallmark of the incoming Administration and its sti…View the full answerTranscribed image text: Check all of the following that are true about the response to the financial crisis of 2009. greater government intervention into the economy was the hallmark of the incoming Obama administration and its “stimulus” package that passed through Congress in February 2009 following the enactment of the stimulus package, the unemployment rate continued to rise, not only surpassing the eight percent estimate of the administration, but staying above eight percent for 43 consecutive months until late 2012 with unemployment rising over the previous year to 7.6 percent, Obama asserted that the American Recovery and Reinvestment Act (ARRA) was necessary because the government “was the only entity left with the resources needed to jolt our economy” back to life although it included temporary payroll tax cuts, most of the package’s $831 billion was focused on government spending and therefore represented a Classical approach to countering a recession QUESTION 16 Check all of the following that are true. A dependable legal system provides for official deeds of property ownership and allows property owners to have confidence that their land cannot be confiscated arbitrarily Countries with rampant corruption have a high barrier to prosperity In general, governments that are most responsive to their citizens tend to be the most honest, while dictatorships and autocracies are prone to corruption because they are not accountable to the populace the correlation between economic freedom and prosperity is strong and negative 2 points
