Question
Faced with the Covid-19 pandemic, Ex-President Trump signed the bipartisan law of Relief and economic stimulus (Coronavirus stimulus relief bill) to assist tens of millions
Faced with the Covid-19 pandemic, Ex-President Trump signed the bipartisan law of "Relief and economic stimulus" (Coronavirus stimulus relief bill) to assist tens of millions of households affected by this pandemic. In addition to other measures, within the plan included direct payments of $ 1,200 directly to each adult earning less than $ 75,000 per year or $ 150,000 per couple plus $ 500 for each child; loans to companies to continue paying their workers' salaries; expansion of the coverage of the payment of pensions unemployment rate for licensed workers due to the corona virus, including part-time and self-employed workers; changes in student loan payments; different accounting rules for retirements; money for the health sector; term extension to make tax contributions until June; among many other measures that involve a monetary injection or increase in income The economy's money circulation of $ 2.2 billion (equivalent to 10% of US GDP!). Subsequently, the current President Biden signed an agreement that reinforced the previous law.
a) What do the Presidents, Congress and the Fed intend to achieve through these measures?
b) From an economic point of view, what could be expected as a result of these fiscal and monetary decisions?
c) What appears to have been achieved so far with the economic stimulus package? Why?
d) What are the risks of this type of expansionary fiscal policy?
Note: Please add reference.
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