Many economists argued against using discretionary fiscal policy during the Great Recession because interest rates were very low and fiscal policy is ineffective when interest rates are near zero.

Question

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Many economists argued for using discretionary fiscal policy during the Great Recession specifically because interest rates were very low. When interest rates are near zero, monetary policy becomes less effective, making fiscal policy a more crucial tool for stimulating the economy.

Many Economists Argued Against Using Discretionary Fiscal Policy During the Great