Answer:
New Deal legislation solved the economic crisis quickly.
Explanation:
Many spending programs provided highly effective stimulus during the Great Recession. Governments may use fiscal policy—additional government spending or tax cuts—to stimulate the economy during a recession period. In a deep recession and liquidity trap, fiscal policy may be more effective than monetary policy because the government can pay for new investment schemes, creating jobs directly – rather than relying on monetary policy to indirectly encourage business to invest.
