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1. What are the fiscal policy measures that U.S. Govt. has taken during the COVID-19 Pandemic? 2. Using an aggregate supply/demand framework, explain the effect

1. What are the fiscal policy measures that U.S. Govt. has taken during the COVID-19 Pandemic? 2. Using an aggregate supply/demand framework, explain the effect of these actions on U.S. economic output and price levels. Include a well-labeled figure. 3. What are the economic risks of the unprecedented expansionary fiscal policy adopted the U.S. govt.?

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