| U.S. growth decreases unemployment Palaikantis argumentas1 #116304 This idea of "countercyclical" policy was the basic principle behind the tax cuts and spending in the stimulus bill of early 2009. Though the stimulus proved inadequate in scale, it helped reduce the depth of the downturn. Without it, the unemployment rate in 2010 would have been 0.7 - 1.7% higher |
Stimulus Package
http://www.washingtonpost.com/wp-dyn/content/graphic/2009/02/01/GR2009020100154.html
Counter-cyclical means moving against the economic (or business or market) cycle. For example, counter-cyclical business will make higher profits when the economy slows, and a counter-cyclical investment will rise when markets fall.
|