A Council of Economic Advisers post on January 15, 2010, stated that The American Recovery and Reinvestment
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A Council of Economic Advisers post on January 15, 2010, stated that “The American Recovery and Reinvestment Act [...] was the boldest countercyclical fiscal action in American history. [...] the Administration is committed to taking every responsible measure to spur job creation.” Comment on the characteristics of the Obama administration’s economic policy at that time. Is it an activist or a nonactivist policy?
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The statement from the Council of Economic Advisers indicates that the Obama administration pursued an activist economic policy during that time parti...View the full answer
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