Which legislation was a major stimulus package enacted in response to the Great Recession in 2009?

Which legislation was a major stimulus package enacted in response to the Great Recession in 2009?

• A. American Recovery Act of 2009
• B. Securities and Exchange Commission
• C. Organic Act of 1916
• D. Homestead Act of 1862

Answer: (A)

Focuses on how governments respond to a recession with big fiscal actions. The major stimulus package enacted in 2009 was the American Recovery and Reinvestment Act, signed into law to pull the economy out of the downturn. It aimed to revive demand by injecting about $787 billion through spending and tax relief, funding infrastructure, education, healthcare, energy, and aid to states and local governments, plus extended unemployment benefits. The idea was to create and preserve jobs, boost consumer spending, and stabilize financial markets while private demand recovered. Other options reference a regulatory agency and two historic acts unrelated to the 2009 crisis, so they don’t fit as the stimulus response.

Focuses on how governments respond to a recession with big fiscal actions. The major stimulus package enacted in 2009 was the American Recovery and Reinvestment Act, signed into law to pull the economy out of the downturn. It aimed to revive demand by injecting about $787 billion through spending and tax relief, funding infrastructure, education, healthcare, energy, and aid to states and local governments, plus extended unemployment benefits. The idea was to create and preserve jobs, boost consumer spending, and stabilize financial markets while private demand recovered. Other options reference a regulatory agency and two historic acts unrelated to the 2009 crisis, so they don’t fit as the stimulus response.