Question

Which kind of policy was the troubled asset relief program (tarp)

A. It was a fiscal policy enacted by the federal government to prevent inflation

B. It was a monetary policy enacted by the federal government to expand the economy

C. It was a fiscal policy enacted by the federal government to expand the economy

D. It was a monetary policy enacted by the federal government to prevent inflation

Answer 1

I believe the answer would be C

Answer 2

The correct answer is C) it was a fiscal policy enacted by the federal government to expand the economy.

The Troubled Asset Relief Program (TARP) was a fiscal policy enacted by the federal government to expand the economy.

As a measure to help the United States economy, President George W. Bush signed the Troubled Asset Relief Program (TARP) on October 3, 2008. The US was living difficult economic times after and some financial institutions were in crisis. The United States federal government injected money to rescue banks in critical conditions, trying to avoid a financial catastrophe.