When the economy entered a serious recession in 2008, the response of the u. s. government was to institute a $700 billion bailout plan, pursue other heavy deficit spending, and take on unusually large liabilities through bond and money market fund guarantees. this is an example of:
a. sound finance as fiscal policy.
b. functional finance and expansionary fiscal policy.
c. fiscal policy that employs automatic stabilizers as the primary means of economic stabilization.
d. procyclical fiscal policy.