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Old 05-08-2009, 04:03 PM
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What is the Goal of the American Recovery and Reinvestment Act of 2009?

The goal of the America Recovery and Reinvestment Act of 2009 is to stimulate the economy and attempt to promote businesses and consumers to spend more.

The Obama Administration is hoping that this Act will stimulate employment which in turn will alleviate "the rising unemployment figures." This is a classical Keynesian approach to stimulate a weakening economy. The Keynesian theory "advocates a strong policy response by the government that includes monetary policy actions by the central bank and fiscal policy actions by the government to stabilize output over the business cycle."

The theories formulating the basis of Keynesian economics were first presented in an article titled "The General Theory of Employment, Interest and Money," and published in 1936.

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