Which of the following correctly describes actions of the U.S.government during the recession of 2008-2009?
A)It refused to provide banks funding and made no significant changes in government spending.
B)It refused to provide banks funding but made a large increase in government spending.
C)It became part owner of some banks but made no significant change in government spending
D)It became part owner of some banks and made a large increase in government spending.

Question

Quizplus · Accepted Answer

During the recession of 2008-2009, the U.S. government became part owner of some banks through a program called the Troubled Asset Relief Program (TARP), and it also made a large increase in government spending through the American Recovery and Reinvestment Act (ARRA). These actions were taken to try to stabilize the economy and prevent a deeper and longer-lasting recession.

Which of the Following Correctly Describes Actions of the U