This statement fom Viard proves that while the stimulus act could be providing positive short-term effects doesn’t necessarily mean that the stimulus acts will continue to have positive outcomes within imports and exports. Before the stimulus act was put into place, the current recession was creating a negative effect throughout trade. Within the article, “The Impact of Foreign Trade on the Economy”, it is said that “…because the gap between imports and exports has been shrinking, it has had a much smaller negative effect…thereby allowing the economy to grow” (McTeer, 2008). McTeer also states that “If our trade deficit increases at a time when consumer spending is falling and investment is flat, fiscal policy will be the only game in town. Hopefully, dollar appreciation will slow enough for net exports to continue growing and supporting our economy – and our jobs. (McTeer, …show more content…
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