Which of the following is true regarding the "American Recovery and Reinvestment Plan"?
A)The massive 2009 stimulus package was designed to jump-start the recession-bound economy.
B)Critics argued that the massive deficits generated by President Obama's plan would undermine America's financial stability.
C)Critics argued that in order to pay the deficits created by the plan,the government would be forced to raise taxes and cut spending,which would reverse the boost from the stimulus.
D)All of the choices are correct.

Question

Quizplus · Accepted Answer

All of the given choices are correct. The American Recovery and Reinvestment Plan was a massive stimulus package introduced in 2009 with the aim of jump-starting the economy during the recession. However, many critics argued that the deficits generated by this plan would be too high and would undermine America's financial stability. They also argued that in order to pay for these deficits, the government would have to either raise taxes or cut spending, which would reverse the boost from the stimulus.

Which of the Following Is True Regarding the "American Recovery