In response to the 2007-2009 recession, the Economic Stimulus Act of 2008, under President Bush, was composed of approximately _____; the American Recovery and Reinvestment Act, under President Obama, was composed of approximately ______.
A)one-fourth tax cuts and three-fourths spending increases; two-thirds tax cuts and one-third spending increases
B)half tax cuts and half spending increases; only spending increases
C)two-thirds tax cuts and one-third spending increases; one-fourth tax cuts and three-fourths spending increases
D)only tax cuts; half tax cuts and half spending increases

Question

Quizplus · Accepted Answer

The Economic Stimulus Act of 2008 under President Bush was primarily composed of tax cuts, while the American Recovery and Reinvestment Act under President Obama was mainly focused on spending increases.

In Response to the 2007-2009 Recession, the Economic Stimulus Act