The full question:
During the severe recession of 2008-09 the US government embarked on an aggressive fiscal policy to try and end the downturn. Most of the increase in spending would be financed by borrowing; the government is also cutting taxes for many, but not all, Americans. At the time the policy was formulated many economists were confident that the policy would be effective, while another group was quite convinced that the policy would do little to raise the level of GDP. Discuss under what financing and economic conditions an expansionary fiscal policy could be expected to raise the level of real GDP, and under what conditions the policy would fail. Then state your opinion as to whether or not the US policy will work.
Recession
recession
A recession is a modest downturn in the level of economic activity. Technically, this is indicated by two consecutive quarters of negative economic growth by the GDP.
Recession means decrease in the employment rate, investment rate, profit rate of the economy, Idea of a downswing/downturn in a business or trade cycle. The Economic growth will be negative. If the recession period increase then this will be called depression.
In such circumstances, it would be prudent, even necessary, and certainly .their typically blindly loyal followers in emerging market economies continue Such fiscal spending should not only seek to buffer the economic downturn
Recession
Recession
recession
recession A+ Class
2022
A downturn or recession.
The Roosevelt Recession
A recession is a modest downturn in the level of economic activity. Technically, this is indicated by two consecutive quarters of negative economic growth by the GDP.
Recession means decrease in the employment rate, investment rate, profit rate of the economy, Idea of a downswing/downturn in a business or trade cycle. The Economic growth will be negative. If the recession period increase then this will be called depression.
A cyclical downturn, a bust, a recession: it depends on how serious it is and how long it lasts.
In such circumstances, it would be prudent, even necessary, and certainly .their typically blindly loyal followers in emerging market economies continue Such fiscal spending should not only seek to buffer the economic downturn
If it's a short downturn or slowdown during a business cycle, it's a recession. If it's a longer, sustained and more severe downturn, it's a depression.