Author Question: The passing of TARP legislation in 2008 was able to limit the damage done by investment banks' ... (Read 54 times)

ericka1 · **on:** Sep 21, 2019

Question 1

The American Recovery and Reinvestment Act was created to fix America's struggling economy by doing all of the following EXCEPT

A) using federal spending to increase the nation's infrastructure.
B) using federal spending to help create more jobs and alleviate the burden of growing unemployment.
C) using federal spending to help kick-start the nation's struggling economy by priming the pump.
D) using federal spending to pay off government debts and balance the federal budget.

Question 2

Barack Obama appealed to the Democratic Party as a serious candidate to run for president in 2008 because

A) his longstanding success in the U.S. Senate would appeal to the majority of American voters who identified themselves as Independent.
B) he commanded the same respect and influence as Hillary Clinton.
C) he staunchly advocated against the invasion of Iraq in 2003.
D) he was able to connect with voters through various forms of new media of Facebook, You Tube, and user-generated content.

Question 3

) Following the financial crisis of 2008 Americans lost faith in business leaders but retained faith in elected officials.

Indicate whether this statement is true or false.

Question 4

The passing of TARP legislation in 2008 was able to limit the damage done by investment banks' over-speculation, maintain steady mortgage rates for the housing market, and level off unemployment to manageable numbers.

Indicate whether this statement is true or false.