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Since World War II, fiscal policy in the U.S. has played a crucial role in shaping economic growth and stability. Government spending and taxation decisions have been instrumental in responding to economic cycles, with expansionary policies often implemented during recessions to stimulate demand and promote recovery. Notable examples include the New Deal programs in the 1930s and the fiscal stimulus packages during the 2008 financial crisis and the COVID-19 pandemic. Overall, fiscal policy has aimed to balance economic growth and inflation while addressing social needs through public investment.

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2mo ago

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