(A) It resulted in an increase of the role of the government in the economy
(B) It greatly increased the national debt
(C) The government rescued inefficient businesses
(D) ** Everyone agrees that it was actually ineffective in helping the economy
EXPLANATIONS BELOW
Concept note-1: -In the opinion of some experts, a greater increase in poverty was averted only by federal legislation, the 2009 American Recovery and Reinvestment Act (ARRA), which provided funds to create and preserve jobs and to extend or expand unemployment insurance and other safety net programs, including food stamps.
Concept note-2: -The purpose of the American Recovery and Reinvestment Act of 2009 (ARRA) was to “cushion the greatest economic crisis since the Great Depression.” The most controversial aspect of the act was that it was funded by borrowing just when the country was becoming very concerned about the growing federal debt.
Concept note-3: -The American Recovery and Reinvestment Act (ARRA) was a massive round of federal spending intended to create new jobs and recover jobs lost in the Great Recession of 2008. This government spending was to compensate for a slowdown in private investment in that year.
Concept note-4: -These measures included a temporary payroll tax cut for 160 million working Americans, additional extensions to the Emergency Unemployment Compensation program, expanded business tax incentives, small business tax cuts, and funding to protect teachers’ jobs.