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Macroeconomics

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Economic Stimulus 2009

MACRO-HEBB2J

In 2009, the Obama administration and Congress enacted the American Recovery and Reinvestment Act of 2009. Which of the following statements is accurate?

A

Republicans generally opposed this act, preferring for the economy to stabilize itself through wage decreases and employment gains.

B

Republicans preferred an alternative bill that had a greater increase in government expenditures.

C

Liberal Democrats preferred a bill that had greater income tax reductions to stimulate spending.

D

The final bill of approximately 800 billion dollars had both increases in government spending and tax reductions to stimulate the economy.