In your opinion, which of the following two federal government policies will work better to maintain living standards given the current high inflation in the U.S.?

(1) Giving a one-time $3,000 federal check to every household or

(2) Raising the minimum hourly wage to $15/hour?

Please state your answer in the language of economics andindicate which macroeconomic model (classical, Keynesian, monetarist, or rational expectation) to support your answer.