The 2008 and 2009 major fiscal stimulus bills were motivated by the serious economic recession that hit the United States in 2008, and can be classified as "countercyclical."

Question

Quizplus · Accepted Answer

The 2008 and 2009 major fiscal stimulus bills were indeed motivated by the serious economic recession and were implemented in order to counteract the negative effects of the recession, making them countercyclical measures.

The 2008 and 2009 Major Fiscal Stimulus Bills Were Motivated