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While many thought that 2008 fiscal stimulus plan explained in the feature on pg. 174 was a good idea, some did not. Some even think that Congress did not go far enough. In retrospect, who was right? Did the economy experience a recession in 2008 or 2009? What happened to employment during the rest of 2008? Determine some of the alternatives to a tax cut that might have been used?

Macroeconomics, Economics

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