https://www.wsj.com/articles/the-economic-recovery-is-here-rebound-jobs-stock-market-unemployment-biden-aid-package-11622642152

The assigned student will summarizethe article and respond to the following:

1. What did the Federal Government do in response to COVID-19?
2. Briefly explain how these actions would affect the following in the short run: economic output, price levels, government surplus/deficit, and interest rates. Include a well-labeled AA-DD Model Graph.
3. Briefly explain how these actions would affect the following in the long run: economic output, national savings, investment, government surplus/deficit, and interest rates. Include a well-labeled AA-DD Model Graph.