4. Which is an example of a purpose of the American Recovery and Reinvestment Act?

a. reestablishing international trade relations
b.lowering interest rates on home mortgages
c. creating jobs with projects to improve roads and airports
d. reducing corporate tax rates for many businesses

I think the answer is d, but honestly, I have no idea what this answer could be. I revieved my lesson, looked up information online, and still, nothing. Could someone please help me out?

The correct answer is c. creating jobs with projects to improve roads and airports.

The American Recovery and Reinvestment Act (ARRA) was signed into law by President Obama in 2009 as a response to the Great Recession. Its primary purpose was to stimulate economic growth and create jobs. The Act included funding for various projects aimed at improving infrastructure, such as roads, bridges, and airports. These infrastructure projects were expected to create jobs both directly, through the construction and maintenance work, and indirectly, by boosting economic activity in related industries. Lowering interest rates on home mortgages (b) and reducing corporate tax rates for many businesses (d) were not specific purposes of the ARRA.

Sure! I'd be happy to help you out.

The American Recovery and Reinvestment Act (ARRA) was passed in 2009 as a response to the financial crisis and recession that occurred around that time. It aimed to stimulate economic growth and create jobs. To find the purpose of the ARRA, let's break down each option and see if it aligns with the objectives of the act.

a. Reestablishing international trade relations: The ARRA focuses on domestic economic recovery, so reestablishing international trade relations is not a direct purpose of the act.

b. Lowering interest rates on home mortgages: While helping homeowners was an important aspect of the economic recovery, the ARRA focused on broader economic initiatives rather than specific measures to lower interest rates.

c. Creating jobs with projects to improve roads and airports: This option aligns with the purpose of the ARRA. One of the primary objectives of the act was to stimulate the economy by investing in infrastructure projects such as road construction and airport improvements, which would create jobs.

d. Reducing corporate tax rates for many businesses: The ARRA did not aim to reduce corporate tax rates. Its main focus was on direct spending and tax incentives to boost economic growth.

Based on the purposes described above, option c. creating jobs with projects to improve roads and airports is the best example of a purpose of the American Recovery and Reinvestment Act.

If you're still unsure, you could also cross-reference the information with reputable sources such as government websites, official reports about the act, or consult with your instructor.

No.

http://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009

is it b