Question

When President Obama took office in January​ 2009, he pledged to pursue an expansionary fiscal policy to try to pull the economy out of the recession. The next​ month, Congress passed the American Recovery and Reinvestment Act of​ 2009, a​ $840 billion package of spending increases and tax cuts that was ____

Answer 1

the largest fiscal policy action in the US history

Step-by-step explanation:

The American Recovery and Reinvestment Act of 2009 was enacted by 111th Congress and was signed by the President Barack Obama into law. The act was developed in order to tackle the great recession. The primary objective of this act was to save the existing jobs and also to create new opportunities and jobs for the youth and the people. This was used to invest in education, infrastructure and health. It was one of the largest fiscal policy action to boost economy in the nation.