What were the four components of the american recovery

Reference no: EM133677227

Problem: Consider the contents of "The great recession: The stimulus" video created by Justin Svec and Robert Baumann". Answer the following 6 questions: What were the four components of the American Recovery and Reinvestment Act? Explain the purpose of each of the four components. How large was the stimulus package in real terms and as a percentage of GDP? Explain in detail how the data presented in the video helps determine the effectiveness of the fiscal stimulus package. Be certain to comment on three criticisms of the findings. How effective were the tax cuts as part of the stimulus package? Explain answer in detail using evidence from the video. Beyond boosting employment and income, explain in detail the additional benefits provided by the economic stimulus package. Despite the evidence, there is a general perception among economists that the fiscal stimulus failed to achieve its goal. Explain in detail the two reasons why this perception persists. Be certain to comment on what is commonly referred to as the political business cycle.

Reference no: EM133677227

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