Question

When did policy makers in the u.s. first use fiscal policy with the intent of manipulating aggregate demand to move the economy to its potential level of real gdp?

a. during the roosevelt administration
b. during the truman administration
c. during the eisenhower administration
d. during the kennedy administration?

Answer 1

The Roosevelt administration began on March 4, 1933, when Franklin D.Roosevelt was inaugurated as the 32nd President of the United States.Policy makers in the u.s. first use fiscal policy with the intent of manipulating aggregate demand to move the economy to its potential level of real GDP was happening during the Roosevelt administration.