The American Recovery and Reinvestment Act of 2009:
A. created a $700 billion rescue package for financial institutions.
B. cut taxes by $152 billion, distributed primarily as rebate checks to taxpayers.
C. implemented a $787 billion package of tax cuts and government expenditure increases.
D. substantially lowered interest rates in an attempt to stimulate investment spending.
C. implemented a $787 billion package of tax cuts and government expenditure increases.
You might also like to view...
The law of diminishing returns refers to diminishing
A) total returns. B) marginal returns. C) average returns. D) all of these.
Problems for farmers in the last half of the 19th century included
a. falling per capita incomes. b. reduced domestic agricultural output. c. rising prices for consumer goods. d. increased world supply of agricultural products. e. All of the above.
As the U.S. price level rises relative to price levels in other countries, what would happen in the U.S.?
a. consumption and net exports would decline b. consumption and net exports would increase c. consumption would increase and net exports would decrease d. consumption would decrease and net exports would increase e. consumption and net exports would remain constant
An increase in the price of one good can cause the demand for another good to increase if the goods are complements.
Answer the following statement true (T) or false (F)