During and following the recession of 2007–2009, both President Bush and President Obama received approval from Congress to increase federal spending and cut taxes in order to increase aggregate demand. These actions were examples of aimed at increasing real GDP and employment. A. a transfer payment O B. contractionary fiscal policy O C. an automatic stabilizer OD. discretionary fiscal policy At the end of 2008, the government of France's debt was €1,126.0 billion. (€ is euro, the currency of France). In 2009, the government spent €1,067.0 billion and ended the year with a debt of €1,304.0 billion. How much did the government receive in tax revenue in 2009? The government received € billion in tax revenue in 2009.

Answer

193.0 billion

Q: What type of fiscal policy did Presidents Bush and Obama use during and after the recession of 2007-2009? A: Discretionary fiscal policy.
Q: What was the purpose of Presidents Bush and Obama using discretionary fiscal policy during and after the recession of 2007-2009? A: To increase aggregate demand, real GDP, and employment.
Q:What was the government of France's debt at the end of 2008, and what was it at the end of 2009 after spending €1,067.0 billion? A:At the end of 2008, the government of France's debt was €1,126.0 billion. In 2009, the government spent €1,067.0 billion and ended the year with a debt of €1,304.0 billion.
Q:How much did the government receive in tax revenue in 2009? A: The government received €193.0 billion in tax revenue in 2009, which is calculated by subtracting the increase in debt from the government's spending and then subtracting that result from the debt at the end of the previous year: (€1,304.0 billion - €1,067.0 billion) - (€1,126.0 billion) = €193.0 billion.