In 2009, in Response to Financial Crisis, the Obama Administration

question 90

Multiple Choice

In 2009, in response to financial crisis, the Obama administration and the U.S. Congress passed the ________; in 2001, the ________ administration passed the ________ to raise incentives for investment.

• A) Patient Protection and Affordable Care Act; Clinton; Personal Responsibility and Work Opportunity Reconciliation Act
• B) Volcker Rule; George H. W. Bush; Economic Recovery Tax Act
• C) Tax Reform Act; Reagan; Smoot-Hawley Act
• D) American Recovery and Reinvestment Act; George W. Bush; Economic Growth and Tax Reconciliation Act.
• E) Economic Stimulus Act; Obama; Wall Street Reform and Consumer Protection Act

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Definitions:

Lawful Purpose

A requirement that the objective or reason behind a contract or agreement must be legal and not against public policy for it to be enforceable.

Power Of Attorney

A specific type of express authority that grants an agent specific powers.

Incompetent Principal

A legal term referring to a person who lacks the capacity to engage in a contract or manage their own affairs due to mental disability, illness, or minority.

Gratuitous Agent

An agent who acts on behalf of another without receiving any compensation.