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1. (A2. Fiscal policy during Great Recession) There are two Economic stimulus policies during Great Recession, refer to the graph real GDP growth and unemployment

1. (A2. Fiscal policy during Great Recession)

There are two Economic stimulus policies during Great Recession, refer to the graph "real GDP growth and unemployment rate" (slide 12) during Great Recession

(a) Did the economy recover after the first policy, "Economic Stimulus Act 2008"? Explain.

(b) Do you think the second stimulus policy, "American Recovery and Reinvestment Act 2009" helps revive economy? Explain.

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