Question

What was the economic climate of the nation at the time the American Recovery and Reinvestment Act was proposed? the economy was thriving the economy was growing according to the annual Gross Domestic Product statistics the economy was steadily on the rise the economy was declining an on a downward turn

Answer 1

The correct answer is the fourth.

In 2009, the TARP year the US economy was declining due to the severe subprime crisis that took place in 2008, which led to the bankruptcy of large banks.

Answer 2

The correct answer is D. The economy was declining an on a downward turn

Explanation:

The American Recovery and Reinvestment Act was proposed in 2009, the purpose of this was to establish changes and policies to stimulate the economy in the U.S. This was necessary because during this time the economy of the country was going through the Great Recession that was a period of economic decline that affected the whole country as many lost their jobs and some companies had to close. Additionally, this act implied the investment of more than 800 billion to improve the conditions in the country an create jobs that would help the economy of the U.S. According to this, the economic climate during this act was not positive because at this time "the economy was declining an on a downward turn".