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The goal of President Obama's stimulus package and increased government spending following the deep economic downturn in 2008 and 2009 was to reduce inflation.
Stimulus Package
A package of economic measures put together by a government to stimulate a floundering economy, typically through a combination of spending increases and tax reductions.
Economic Downturn
A period of negative growth in an economy, characterized by a decrease in the GDP, employment, and spending.
Inflation
The frequency at which the average pricing for goods and services uplifts, subsequently reducing the power of procurement.
- Examine how monetary policy influences inflation and joblessness.
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Learning Objectives
- Examine how monetary policy influences inflation and joblessness.
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