In fall 2008, the U.S. Congress and President George W. Bush responded to the financial crisis with the passage of the _____________ in early October of that year.

Question

Quizplus · Accepted Answer

The Economic Stabilization Act was passed in response to the financial crisis in 2008, giving the government the authority to purchase troubled assets from financial institutions and provide loans to stabilize the economy. The other options, Economic Stimulus Act and Economic Recovery Act, were passed in different years and with different goals. The Economic Booster Act is not a real piece of legislation.

In Fall 2008, the U