During the great recession, exports reduced the severity of the recession

During the great recession, exports reduced the severity of the recession

Answer

• b) False

Explanation:

It was the fiscal stimulus that reduced the severity of the great recession. Fiscal stimulus was in the form of tax cuts and most effective one being the government spending in the passage of the ARRA in 2009.The American Recovery and Redemption Act of 2009 was a government policy that brought a massive round of federal spending, creating new jobs that had been lost during the great recession of 2008. This compensated the private investment shutdown during that year. Exports continued to be at the lowest levels during this period.