Fiscal Policy 1948 To 2012

Satisfactory Essays

December 2007, a recession happened again in the United States; this lasted until June 2009. In between the years of 1948 to 2011, there have been 10 recessions total.(U.S. Bureau of Labor Statistics, 2012) The government used a policy called the Fiscal policy which was a starting point of the recovery after the most current recession in 2007. The fiscal policy includes government spending, taxation, and other factors that influence the economy. President Obama was trying to increase aggregate demand by using the Fiscal policy. Aggregate demand is a relationship between the price level and the output of goods as well as services.

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