The stimulus package of 2009 is a good example of a countercyclical fiscal policy, a $789 billion package of government spending increases and tax cuts that aims to help the U.S. economy recover from a deep recession by increasing real GDP and moving the economy closer to potential output.

Question

Quizplus · Accepted Answer

The statement accurately describes the stimulus package of 2009 as a countercyclical fiscal policy aimed at spurring economic growth during a recession.

The Stimulus Package of 2009 Is a Good Example of a Countercyclical