Both the Economic Stimulus Act of 2008 and the American Recovery and Reinvestment Act of 2009 are examples of fiscal policy.
Fiscal policy is a tool used by governments to influence the economy and influence economic activity. The Economic Stimulus Act of 2008 was a government spending package designed to stimulate the U.S. economy in the wake of the 2008 financial crisis.
It was passed into law in February 2008 and included tax cuts and spending increases. The American Recovery and Reinvestment Act of 2009 was another government spending package intended to stimulate the economy during the Great Recession.
It was passed into law in February 2009 and included tax cuts, spending increases, and incentives for businesses to invest. Both of these acts demonstrate the government's use of fiscal policy to try and encourage economic growth.
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