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1 hour. 16 minutes, 09 seconds. pletion Status: QUESTION 29 Answer the following in regards to ARRA of 2009: e What does ARRA
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Answer #1

ARRA:

ARRA stands for American Recovery and Reinvestment Act. 2009.

Fiscal Policy:

ARRA was bailout package. it was part of fiscal policy.

Components:

  • Infrastructure development
  • Health Care sector.
  • Unemployment allowances

Largest components:

Health care expenditure and infrastructural development were two largest components.

Impacts:

Majority of economists were agreed that ARRA was successful in stimulating economy and increasing number of job opportunities in economy.

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