Research an expansionary fiscal policy action from 2009. Identify to what extent it was impacted by lags.
The American Recovery and Reinvestment Act of 2009 was a very large fiscal stimulus program.
1. Read about ARRA in Wikipedia.
2. Answer the question: To what extent did the 3 types of lags we discussed in class impact the 2009 ARRA?
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1 to 2 pages or depending on the requirements , 12-point fonts, 1.5 spacing and wide margins on all sides!
Language. Be precise in formulating your thoughts. Reread your paper more than once before handing in, use spell-checkers and grammar instructions. Typo’s are likely to downgrade the final assessment of the paper, you will be judged mainly about your contact and information
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Introduction
The act more commonly known as the recovery act is a stimulus package that was passed with the aim of helping the American economy to be able to recover from the effect of the 2008 resection. This was passed by the American congress to guide the government on the many different areas where they should invest both the federal and state resources. This is important as it ensures that the well being of all the people that are involved is well considered. The success of the program has been visible in some areas but is still area of debate. During the implementations, the recovery act faced several….
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