Which of the following actions can policymakers take during a recession to effectively implement expansionary policy and encourage investment? Select all that apply.

During a recession, policymakers can use expansionary policy to help boost the economy and encourage investment. One important action is to lower interest rates, which makes borrowing cheaper for businesses and individuals. For example, if a small business can take out a loan at a lower interest rate, it might invest in new equipment or hire more employees, leading to more economic activity. Additionally, policymakers can increase government spending on projects like infrastructure, which creates jobs and stimulates demand for goods and services. These actions can help lift the economy out of a recession by encouraging more spending and investment.