What did TARP, passed in October 2008, achieve?
A) It increase in the equilibrium real GDP.
B) It calmed credit markets, but the economy and the stock market continued to worsen.
C) It calmed credit markets and the economy, but the stock market continued to worsen.
D) It normalized credit markets, the economy, and the stock market.

Question

Quizplus · Accepted Answer

TARP (Troubled Asset Relief Program) provided financial assistance to banks and other financial institutions in order to stabilize the credit markets and prevent a complete collapse of the financial system. It did succeed in calming the credit markets, but the economy continued to worsen and the stock market continued to decline.

What Did TARP, Passed in October 2008, Achieve