ECON MACRO
5th Edition
ISBN: 9781337000529
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 11, Problem 5.13P
To determine
The costs and benefits of the Recovery Act of the Obama Government
Concept Introduction:
Recovery Act, 2009- The American Recovery and Reinvestment Act (ARRA), 2009 was the economic stimulus package approximating a cost of $831 billion passed by the then President of US, Barack Obama in response to the Great Depression. The prime objective of the fiscal initiative was imparting job security in the US, the secondary but equally important objectives were an investment in economic and social infrastructure and relief to those most affected by the recession in the country.
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