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The American Recovery And Reinvestment Act Of 2009

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The American Recovery And Reinvestment Act Of 2009
The main idea of Keynesian economics is an economic theory of total spending in the economy and its effects on output and inflation. It was developed by a British economist called John Maynard Keynes in the 1930's in an attempt to understand the Great Depression. The American Recovery and Reinvestment Act of 2009 or ARRA, also nicknamed the Recovery Act, was a stimulus package put in place by the 111th U.S. Congress and was signed into law by the President Barack Obama in February 2009. Work on the bills had started way before President Obama officially took office on January 20. It was created in response to the Great Recession. The Recovery Act's primary objective was to preserve existing jobs and to create new ones as soon as possible. Its
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