17. The CARES Act (2020) financed government spending and transfers to firms and households that occurred primarily

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17. The CARES Act (2020) financed government spending and transfers to firms and households that occurred primarily in 2020, whereas the American Recovery and Reinvestment Act (2009) financed fiscal spending that was spread out over many years. Why did the rapid spending associated with the CARES Act represent an advantage over the slow spending in the American Recovery and Reinvestment Act?

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Macroeconomics

ISBN: 125389

3rd Global Edition

Authors: Daron Acemoglu ,David Laibson ,John List

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