The Stimulus Package of 2009 Is a Good Example of a Countercyclical

question 81

True/False

The stimulus package of 2009 is a good example of a countercyclical fiscal policy, a $789 billion package of government spending increases and tax cuts that aims to help the U.S. economy recover from a deep recession by increasing real GDP and moving the economy closer to potential output.

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Definitions:

Burritos

A type of Mexican and Tex-Mex cuisine that consists of a wheat flour tortilla wrapped or folded into a cylindrical shape to completely enclose a filling.

Marginal Revenue

The additional income received from selling one more unit of a good or service; it's a critical concept in determining optimal output level.

Prices

The cost in terms of money expected, required, or given for acquiring something.

Marginal Revenue

The extra revenue a company earns by selling an additional unit of a product or service.