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In 2009, the Obama administration and Congress enacted the American Recovery and Reinvestment Act of 2009. Which of the following statements is accurate?
Republicans generally opposed this act, preferring for the economy to stabilize itself through wage decreases and employment gains.
Republicans preferred an alternative bill that had a greater increase in government expenditures.
Liberal Democrats preferred a bill that had greater income tax reductions to stimulate spending.
The final bill of approximately 800 billion dollars had both increases in government spending and tax reductions to stimulate the economy.