Chapter 16 Pre Test

Congress approved a $700-billion emergency bailout of financial institutions in October of 2008. This bailout is known as the

American Recovery and Reinvestment Act.

Emergency Financial Stability Act.

Troubled Asset Relief Program.

Wall Street Recovery Act.

Economists who believe that the government can stimulate the economy by increasing public spending or by cutting taxes are known as

Republicans.

Democrats.

Keynesians.

Reaganers

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