In response to the Great Recession, the federal government responded with ________ for the Troubled Asset Relief Program and ________ for the American Recovery and Reinvestment Act.
A) $700 billion; $787 billion
B) $100 billion; $1 trillion
C) $0; $1.5 trillion
D) $700 million; $787 million
E) $150 billion; $500 million

Question

Quizplus · Accepted Answer

The federal government responded to the Great Recession with $700 billion for the Troubled Asset Relief Program (also known as TARP) and $787 billion for the American Recovery and Reinvestment Act (also known as ARRA or the stimulus package). These measures were aimed at stabilizing the financial sector, creating jobs, and boosting the economy.

In Response to the Great Recession, the Federal Government Responded