The American Recovery and Reinvestment Act (ARRA) was approved by President Barack Obama in 2009, and consisted on a stimulus package released with the aim of preventing the destruction of jobs, fostering the creation of new ones, and boosting the aggregate demand as a mechanism for economic recovery. Therefore, recovery from the recession of 2007-2009 was sought through the Keynesian way.
One negative effect of the spending schedule imposed by the ARRA, was that a great part of the money had to be borrowed. National debt was increased and this led to a deficit situation.
The demand curve slopes downward because of diminishing marginal utility, and also because of the substitution and income effects.
Hitler had Heinrich Himmler centralize the administration of the concentration camps and formalize them into a system.
Answer:
Japanese aggressor’s conquered Allied colonies in the Pacific.
Explanation:
Answer:
A dense fog advisory has been issued in the region.
