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Fiscal Policy: American Recovery And Reinvestment Act Of 2009

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Fiscal policy
Following the great recession that lasted between December 2007 and June 2009, the federal government undertook several actions to promote growth and development. The government used a fiscal stimulus package worth $787 billion and a bank bailout measure worth $700 billion. In addition, the government passed the American Recovery and Reinvestment Act of 2009 to help create and save jobs. All these measures helped in providing some form of economic relief against the effects of the recession. Had the government not taken these measures, the recession would have lasted longer and the unemployment rates would have increased. This is because the economy had no money for consumer spending and economic growth. Conversely, the stimulus

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