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In Contrast to Previous Recessions in the Post-World War II

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In contrast to previous recessions in the post-World War II period, the U.S. government actively used fiscal policy to fight the most recent (2008) recession. Compared to other post- WWII recessions, what would justify the level of active government policy actions taken in the 2008-2009 recession?

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Fiscal policy is likely to matter most w...

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