The "Buy American" Provision in the 2009 Stimulus Package Required

question 139

Multiple Choice

The "Buy American" provision in the 2009 stimulus package required that stimulus money be spent only on U.S.-made goods,effectively acting as a quota of zero imports when stimulus money was being spent.For the U.S.steel industry,a "Buy American" provision would create gains for all of the following except

• A)U.S.steel companies.
• B)U.S.taxpayers.
• C)U.S.steel workers.
• D)All of the above would gain from the provision.

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Definitions:

Economic Fluctuations

Variations in the level of economic activity over periods of time, which can include cycles of growth and recession.

Natural Rate

The natural rate often refers to the natural rate of unemployment, which is the level of unemployment consistent with sustainable economic growth, without accelerating inflation.

Unemployment Insurance

A state initiative offering short-term monetary support to individuals who are out of work due to circumstances beyond their control.

Temporary-Help Industry

Refers to a sector comprising companies that provide employees to other businesses on a temporary basis. These firms often specialize in supplying temporary workers for office administration, industrial labor, or professional roles.