When President Obama took office in January 2009,he pledged to pursue an expansionary fiscal policy to try to pull the economy out of the recession.The next month,Congress passed the American Recovery and Reinvestment Act of 2009,a $787 billion package of ________ that was the largest fiscal policy action in U.S.history.

Question

Quizplus · Accepted Answer

The American Recovery and Reinvestment Act of 2009 was a package of spending increases and tax cuts aimed at stimulating the economy and creating jobs. It was not focused on interest rate reductions or bond purchases, and while bank bailouts were a part of the government's response to the financial crisis, they were not included in this particular legislation.

When President Obama Took Office in January 2009,he Pledged to Pursue