The American Recovery and Reinvestment Act of 2009 ________.
A)placed greater emphasis on monetary policy than fiscal policy
B)finally put an end to the inflationary spiral that had begun in 2005
C)was intended to reverse the sharp increase in the equilibrium real interest rate
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

None of the statements are true. The American Recovery and Reinvestment Act of 2009 was a fiscal policy response to the Great Recession, aimed at stimulating the economy through increased government spending and tax cuts. It had no direct impact on monetary policy or inflation.