Question
(A bit urgent..) Joe Biden signed the American Rescue Plan Act of 2021 in March. The $1.9 trillion stimulus package includes direct payments up to
(A bit urgent..)
Joe Biden signed the American Rescue Plan Act of 2021 in March. The $1.9 trillion stimulus package includes direct payments up to $1,400 to eligible individuals. This relief payment is also referred to as a stimulus check.
a.Is stimulus check a fiscal or monetary policy?
b.Do you expect stimulus checks to increase consumer spending by a significant amount? Why or why not?
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Essentials of Economics
Authors: Bradley Schiller, Karen Gebhardt
10th edition
125923570X, 978-1259235702
