The Portion of the Obama Stimulus Package That Bolstered State

question 54

Multiple Choice

The portion of the Obama stimulus package that bolstered state welfare plans is best thought of as

• A)nondiscretionary fiscal policy.
• B)discretionary (and expansionary)fiscal policy.
• C)discretionary (and contractionary)fiscal policy.
• D)monetary policy.

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Definitions:

Debtor's Default

A situation where a debtor fails to meet the legal obligations of a loan, such as not making scheduled payments.

Debtor's Estate

The total assets available to a debtor that can be used to settle debts in bankruptcy or insolvency proceedings.

Trustee

A person who operates a trust for beneficiaries in a business trust. In bankruptcy proceedings, an individual who takes over administration of a debtor’s estate.

Secured Party

An individual or entity that has a legal interest or lien on a debtor's property, secured by a security agreement, ensuring priority payment in case of debtor's default.