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:

Probability Of Occurrence

The likelihood that a specific event will happen, often expressed as a number between 0 and 1.

Span Of Time

Span of time refers to the duration or length of a period between two points in time.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events happening in a fixed interval of time or space, assuming these events happen with a known constant rate and independently of the time since the last event.

Probability Of Occurrence

The likelihood of an event happening, measured on a scale from 0 (impossibility) to 1 (certainty).