Question
How did the federal government anticipate the pro-cyclical fiscal policies of state and local governments when it passed the CARES Act of 2020 stimulus?
Multiple choice question.
It required that state governments match a certain percentage of federal aid to its citizens.
It restricted state and local governments from increasing taxes.
It provided a large amount of aid directly to state and local governments.
It attached legislation to discourage local governments from reducing spending
Multiple choice question.
It required that state governments match a certain percentage of federal aid to its citizens.
It restricted state and local governments from increasing taxes.
It provided a large amount of aid directly to state and local governments.
It attached legislation to discourage local governments from reducing spending
Answers
GPT-4o mini
The correct answer is:
**It provided a large amount of aid directly to state and local governments.**
The CARES Act was designed to support state and local governments financially in response to the economic downturn caused by the COVID-19 pandemic, helping to mitigate the effects of pro-cyclical fiscal policies.
**It provided a large amount of aid directly to state and local governments.**
The CARES Act was designed to support state and local governments financially in response to the economic downturn caused by the COVID-19 pandemic, helping to mitigate the effects of pro-cyclical fiscal policies.