When President Obama took office in January 2009,he pledged to pursue an expansionary fiscal policy to try to pull the economy out of the recession.The next month,Congress passed the American Recovery and Reinvestment Act of 2009,a $840 billion package of ________ that was the largest fiscal policy action in U.S.history.

Question

Quizplus · Accepted Answer

The passage states that President Obama pursued an expansionary fiscal policy and that Congress passed a package that included "spending increases and tax cuts." Therefore, the best choice is A. The other choices (B, C, and D) involve monetary policy and/or bank bailouts, which are not mentioned in the passage as part of the American Recovery and Reinvestment Act of 2009.

When President Obama Took Office in January 2009,he Pledged to Pursue