Which legislation boosted the economy after the 2008 financial crisis by
providing unemployment benefits to the jobless and increased spending for
education?
O
A. The Community Reinvestment Act
B. The USA PATRIOT Act
O
C. The American Recovery and Reinvestment Act
O
D. The Civil Rights Act

. The American Recovery and Reinvestment Act

Explanation:

September 2008 the US government and Federal Reserve had been searching for solutions to stabilize the financial markets and save the other banks from collapse. They deveolped a plan which consisted of buying troubled assets from the banks, in order to minimize uncertainty in the market.

The Act is an extraordinary response to promote economic recovery and growth, and includes measures to modernize our nation's infrastructure, enhance energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need.

Leading outside analysts agree that the Recovery Act created millions of jobs and substantially boosted economic output, supporting the economy at a crucial moment. From 2009 to 2014, this raised employment by almost 6 million job-years (years of full-time equivalent employment).

C. The American Recovery and Reinvestment Act

Explanation:

This was the piece of legislation that boosted the economy after the 2008 financial crisis. The American Recovery and Reinvestment Act of 2009 was a stimulus package designed to help with the recovery of existing jobs and the creation of new ones. It also provided temporary relief to people and investment into infrastructure, education, health, and renewable energy. While it is generally accepted that the Act reduced the impact of the crisis, the results of it continue to be heavily debated.

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