In the recession of 2008-2009, how did our federal government's fiscal policies help stabilize our economy?
Limit your response to policies that can work and reasons for their success.© BrainMass Inc. brainmass.com October 10, 2019, 4:38 am ad1c9bdddf
During the recession, fiscal policies helped stabilize the economy because they utilized an expansionary fiscal policy. By using this type of fiscal policy, the federal government's main objective was to help close the recessionary gap by stimulating the economy. The result was the Economic Stimulus Act of 2008. This ...
The solution provides a detailed explanation of how our federal government's fiscal policies helped to stabilize the economy during the 2008-2009 recession.