In Response to the 2007-2009 Recession, the Economic Stimulus Act

Multiple Choice

In response to the 2007-2009 recession, the Economic Stimulus Act of 2008, under President Bush, was composed of approximately _____; the American Recovery and Reinvestment Act, under President Obama, was composed of approximately ______.

A) one-fourth tax cuts and three-fourths spending increases; two-thirds tax cuts and one-third spending increases
B) half tax cuts and half spending increases; only spending increases
C) two-thirds tax cuts and one-third spending increases; one-fourth tax cuts and three-fourths spending increases
D) only tax cuts; half tax cuts and half spending increases