Social Studies, 02.06.2021 18:10 Molly05

This is an excerpt from the American Recovery and Reinvestment Act of 2009 “An Act making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization. “

Statement of Purpose:

To preserve and create jobs and promote economic recovery
To assist those most impacted by the recession
To provide instruments needed to increase economic efficiency by spurring technological advances in science and health
To invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits
To stabilize State and local government budgets, in order to minimize and avoid reductions in services”
According to the source, what fiscal policy and tool was the government seeking when it passes the American Recovery and Reinvestment Act?

A. Contractionary… Decrease government spending

B. Expansionary… Increase government spending

C. Contractionary… Increase taxes

D. Expansionary… Decrease taxes

Answers: 3

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This is an excerpt from the American Recovery and Reinvestment Act of 2009 “An Act making supplemen...