The Second of Two Significant Fiscal Policy Initiatives Enacted by the Government

question 47

Multiple Choice

The second of two significant fiscal policy initiatives enacted by the government during the Great Recession,signed in February 2009 by President Barack Obama,was the

• A) Economic Stimulus Act of 2009.
• B) American Recovery and Reinvestment Act of 2009.
• C) American Stimulus Act of 2009.
• D) Economic Recovery and Reinvestment Act of 2009.
• E) Economic Tax Rebate Act of 2009.

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Definitions:

Total Investment

The sum of all expenditures on physical assets, financial assets, and other types of investments within a specified period.

Expected Rate of Return

The anticipated percentage of gain or loss that an investment is projected to generate over a specified period, accounting for all known risks.

Total Investment

The sum of all expenditures on capital assets, such as buildings, equipment, and inventories, over a specific period.

Investment Spending

Expenditures on capital goods used to increase productive capacity or efficiency, including factories, machinery, and technology.