The American Recovery and Reinvestment Act of 2009
A) created a $700 billion rescue package for ﬁnancial institutions.
B) cut taxes by $152 billion, distributed primarily as rebate checks to taxpayers.
C) implemented a $787 billion package of tax cuts and government expenditure increases.
D) substantially lowered interest rates in an attempt to stimulate investment spending.

Question

Quizplus · Accepted Answer

The American Recovery and Reinvestment Act of 2009 implemented a $787 billion package of tax cuts and government expenditure increases, aimed at stimulating economic growth during the Great Recession. This included funding for infrastructure projects, education, healthcare, and renewable energy, as well as tax credits for individuals and businesses. The Act did not create a rescue package for financial institutions or cut taxes primarily through rebate checks. It also did not directly lower interest rates, although it may have indirectly influenced them through its impact on overall economic conditions.