Fiscal Policy Tools: Expansionary and Contractionary Tactics
Student Worksheet
The 2009 stimulus package split $787 billion three ways, with about $288 billion in tax relief such as a Making Work Pay credit adding roughly $15 weekly to paychecks, $223 billion in extended unemployment and health subsidies, and $275 billion for highways, transit, and broadband. The Congressional Budget Office later credited it with raising real GDP by 1.5 to 3 percent and keeping between 1.5 and 3 million Americans employed.
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