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Friday, July 26, 2019

Why did Republican Arizona lawmakers pass SB 1070 at this particular Essay

Why did Republican Arizona lawmakers pass SB 1070 at this particular time OR Why has the economy not yet fully recovered from the recession, in spite of the government stimulus package - Essay Example ollowing measures of production; investment spending, gross domestic product (GDP), household incomes, capacity utilization, inflation, and business profits. Often recession occurs when spending falls following adverse supply recessions. Since recession has adverse effects such as increased rates of unemployment, reduced business profitability, and negative social effects like family instability, most countries usually put measures in place to prevent it from occurring. In the event that it occurs, governments usually respond by adopting macroeconomic policies such as decreasing taxation, increasing government spending, and increasing money supply (Samuelson and Nordhaus 14- 15). Since the recent recession began in late 2007, the United States economy is yet to recover fully from it. This is despite numerous efforts by the government such as the economic stimulus package. There have been debates among scholars, economists, government officials, policy makers, and the public on what could be the reasons behind delay in recovery despite the fact that government has put efforts towards recovery such as the stimulus package. The debates have been stirred further by the fact that other large economies such as China recovered long time ago and are on the path of growth. Besides, there are worries that even though US has witnessed various minor and two major recessions since its independence, the most recent recession may be the longest to recover from and the most difficult in US history (Whoriskey 1). All major measures of the health of the economy namely industrial production, employment, output, and incomes still indicate that US is yet to recover fully and tha t the growth has been significantly weak despite the fact that, technically, the recovery begun in June 2009 (Rampell 1). This concern has captured the attention of Barrack Obama, the US president and has been on record saying on 6th August 2011 that he acknowledges the challenge and that the country’s urgent

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