On the recordFebruary 23, 2009
It would reduce the stimulus effect of the package, yes.
Source
congress.govIt would reduce the stimulus effect of the package, yes.
Bernanke confirms that reduced participation in unemployment benefits would lessen the stimulus impact.
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Lower paid workers, as well as women and minorities, are over-represented in the most affected sectors, and, thus, have borne a disproportionate share of the job and income losses.
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