8. The American Recovery and Reinvestment Act of 2009 was an expansionary fiscal policy whose objective was to increase aggregate demand. A. True B. False 9. The Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 was an expansionary fiscal policy whose objective was to increase GDP. A. True B. False 10. Suppose that the economy has an inflationary gap. Which of the following policies would most likely help the situation? (Select All that Apply) A. Reductions in agricultural subsidies and veterans' benefits. B. Postponement of a highway construction program. C. Reductions in Federal tax rates on personal and corporate income. D. Increase in Federal tax rates on personal income. E. Provide American household with direct relief during a pandemic. F. Provide small businesses with funds to pay payroll.

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