The Congressional Budget Office estimates of the effects of the 2009 stimulus package indicate that even $825 billion in increased government spending and tax cuts left the economy with real GDP far from potential GDP.

Question

Quizplus · Accepted Answer

The statement is accurate; the Congressional Budget Office did estimate that the 2009 stimulus package did not bring the economy up to its potential GDP despite the $825 billion in increased government spending and tax cuts.

The Congressional Budget Office Estimates of the Effects of the 2009