The American Recovery and Reinvestment Act of 2009 was implemented primarily to:
A. reduce inflationary pressure caused by oil price increases.
B. curb the overspending by households that contributed to the Great Recession.
C. bring the federal budget back into balance.
D. stimulate aggregate demand and employment.
D. stimulate aggregate demand and employment.
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Which of the following countries has experienced the worst hyperinflation since 2005?
a. Brazil b. Russia c. China d. Zimbabwe
In the simple Keynesian model, there are three simplifying assumptions. One of these assumptions is:
A) no consumption B) no investment C) no exports or imports D) a and b E) a, b, and c
Public choice is concerned with decision making by
A) consumers. B) businesses. C) government. D) foreigners. E) consumers and businesses.
The prices of certain goods, such as ice and gasoline, often increase after a natural disaster such as a hurricane. The economic explanation for this observation is that
A. disasters bring out the worst in people. B. the disaster temporarily reduces the supply of the goods and reduces the demand for the goods. C. the disaster temporarily reduces the supply of the goods and increases the demand for the goods. D. people panic in disaster situations.