Background: Economic terms, concepts, and theories are relevant to our everyday lives when we can apply them. Thinking like an economist can help us avoid irrational decision-making and can help us better understand the world around us. Goal of the Assignment:In this assignment, students will research the economic actions of the federal government during the Covid-19 pandemic. Using their research they will write a 5 paragraph essay.

Government Involvement in the Economy

Mastery Question:How did the US Government respond to keep the economy thriving during the COVID-19 pandemic? Did they do all they could or should they have done more?

Direction: For this assignment, you will answer the mastery question in a 5 paragraph essay.

Prep Work: Fill out each of the boxes with bullet points, phrases, quotes, or ideas you can use within your essay. Each box should have a few ideas AND a quote or stat from a reputable source. Be sure to include the source in the box as well and multiple principles, terms, or concepts and defining it in your own words beyond simple definitions.

Step 1: Why does the government get involved in the economy? How can the government get involved? (Federal Reserve and their role)

Step 2: Why did the government need to get involved in the economy during the Covid 19-pandemic? How was it economically affecting Americans?

Step 3: How did the US Government respond? YOU MUST DISCUSS MONETARY AND FISCAL POLICY IN YOUR ASSIGNMENT- what do those terms mean and what did the Government do during the Covid 19 pandemic that falls into those categories? (SPECIFIC EXAMPLES)

Step 4: Did government intervention help? In your explanation include how it helped or how it failed to help. This should be fact-based not opinion based.

Step 5: Your thoughts on what the government did? Do you agree? Do you disagree? Could they have done more? What more could they have done? Should they have stayed out of it? Why should they have stayed out of the issue? Etc.

Step 6: Using the information above, write your 5 paragraph essay. Don't forget to include in-text citations and cite your resources!