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Answer the following questions about the March 20th, 2020, New York Times article about What the Fed Could Do Next to Try to Prevent an

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Answer the following questions about the March 20th, 2020, New York Times article about "What the Fed Could Do Next to Try to Prevent an Economic Unraveling" 2C. The article describes the steps the Fed could take to help state and local governments which are facing massive budget shortfalls. Use the AD-AS model to explain why it is so important to help state and local governments which are typically required to balance their budgets every year, including during a recession. (Minimum 50 words)

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