Question

n response to the great recession, the federal government engaged in significant deficit-funded spending. what was the result of that spending over the first three years? group of answer choices economic growth remained sluggish, but the unemployment rate fell to predicted levels. both economic growth and the unemployment rate responded well, reaching the fiscal policy targets set by the government. economic growth responded in accordance with predictions, but unemployment remained much higher than anticipated. neither economic growth nor unemployment responded as well as many economists had predicted.

Answer 1

The result of that spending as response to the great recession over the first three years has Neither economic growth nor unemployment responded as well as many economists had predicted.

A recession is a business cycle contraction when there may be a widespread decline in economic interest. Recessions typically occur whilst there may be a great drop in spending

Unemployment frequently rises in the course of recessions, and overall employment tiers can flatline or flip terrible, stated Pugliese. in addition, GDP growth has a tendency to shrink for the duration of recessions due to the fact there is much less consumer demand and fewer employees, main to decrease production of products and offerings.

A recession may be described as a sustained length of vulnerable or terrible boom in real GDP (output) this is observed via a giant upward push within the unemployment fee. Many different signs of economic hobby also are susceptible at some stage in a recession.

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