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In this paper, you will develop competing arguments concerning either expansionary monetary or fiscal policies enacted during the Covid-19 pandemic. Specifically, you will look at
In this paper, you will develop competing arguments concerning either expansionary monetary or fiscal policies enacted during the Covid-19 pandemic. Specifically, you will look at either: Monetary policy response https://www.stlouisfed.org/open-vault/2020/august/fed-response-covid19-pandemicLinks to an external site. (a more academic paper: https://www.federalreserve.gov/econres/feds/files/2021035pap.pdfLinks to an external site.) Fiscal policy response (American Rescue Plan Act) https://www.investopedia.com/american-rescue-plan-definition-5095694Links to an external site. (or on Wikipedia https://en.wikipedia.org/wiki/American_Rescue_Plan_Act_of_2021#Key_elements_of_the_ActLinks to an external site.) You can also use other sources as long as you provide citations. The first two paragraphs will address competing arguments regarding the chosen policy actions - in favor and against (one paragraph each). These arguments must be situated in real time (i.e., you need to be an observer when the policy is enacted, and not analyze the policy from today's perspective). Finally, the next several paragraphs will develop and explain your intended responsible citizen action(s). For example, you can provide an alternative or a modified policy response and explain how and why you have chosen this path. In short, you must explain what you hope to achieve and how. Key to this paper is your choice of actions in response to the pandemic and how your choice improves the outcomes for the many others that do not have a say. Paper length: maximum two pages, double spaced, 12 fonts - papers are succinct and pointed. Hint: Questions you can address (you can come up with more): Does everyone agree with the policy? If not, what are some of the pros and cons of undertaking such policy? Who is poised to gain or lose from these policies? Do you foresee any unintended consequences of these policies? What would you have done differently? Why? How would your actions benefit the many others
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