Question
Due to COVID-19 a lot of countries around the world came up with economic policies to tackle the economic crisis. Congressional lawmakers in the U.S
Due to COVID-19 a lot of countries around the world came up with economic policies to tackle the economic crisis. Congressional lawmakers in the U.S came up (first stimulus) with a $2 trillion stimulus bill to respond to the coronavirus pandemic. There is a second round of stimulus around the corner. Democrats and Republicans have their own bills. President Trump signed executive order and three memoranda related to COVID-19.
How is COVID-19 affecting the economy (Wall street, transportation, restaurants, tourism, oil price and more .....)? Can you please summarize what is in the White house stimulus package (executive order), republicans stimulus bill and the democrats stimulus bill, and how these bills are supposed to help the economy? Are the amount proposed by the different parties, too little, too much or about right and why? There is no right or wrong!
What monetary policy did the US implement to revive the economy? Please explain!
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