in 2-4 sentences each question based on reading: In this information, what group is making changes? What changes were made? How does that help the economy? What is this an example of, monetary or fiscal policy? How? Reading: The American Recovery and Reinvestment Act had three spending categories. It cut taxes by $288 billion and earmarked $224 billion in extended unemployment benefits, education, and health care spending. Also, the Act created jobs by allocating $275 billion in federal contracts, grants, and loans. Congress designed the Act to provide nearly $720 billion in benefits, or 91.5%, in its first three fiscal years. It allocated $185 billion in FY 2009, $399 billion in FY 2010, and $134 billion in FY 2011