The second of two significant fiscal policy initiatives enacted by the government during the Great Recession,signed in February 2009 by President Barack Obama,was the
A) Economic Stimulus Act of 2009.
B) American Recovery and Reinvestment Act of 2009.
C) American Stimulus Act of 2009.
D) Economic Recovery and Reinvestment Act of 2009.
E) Economic Tax Rebate Act of 2009.

Question

Quizplus · Accepted Answer

The American Recovery and Reinvestment Act of 2009 was the second major fiscal policy initiative enacted by the government during the Great Recession. This act included a combination of tax cuts, infrastructure investments, and transfer payments to individuals and states in an effort to stimulate economic growth and job creation. It was signed by President Obama in February 2009.

The Second of Two Significant Fiscal Policy Initiatives Enacted by the Government