Question
2 page paper summarizing what was done by the government as it relates to your topic in response to the coronavirus pandemic. Please also cover
2 page paper summarizing what was done by the government as it relates to your topic in response to the coronavirus pandemic. Please also cover its impact and your perspective on its pros and cons. Specifically, please include the following sections: 1. What was the specific policy / policies? Please provide an overview and details of what was done and when. 2. Provide the context as to why this was done (what were the goals, intended impact, etc.). 3. Please also illustrate the intended impact of the policy using a drawing of at least 1 of the macroeconomic models we've reviewed in class (for example, using aggregate demand and/or aggregate supply model, etc.) 4. What were the impacts of the policies? Make sure to discuss the impact or potential impact on at least 2 of the macroeconomic indicators we reviewed in class (i.e., GDP, GDP growth, inflation, unemployment, and inequality) 5. Looking back, what are/were the pros and cons of the policy? 6. In conclusion, do you believe the policy was effective? Why or why not?
Direct stimulus payments to individuals. Read this article as a starting point: https://www.nytimes.com/2021/03/14/world/covid-stimulus-checks-biden.html
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