On November 15^th, 2021, President Joe Biden signed into law the $1.2 trillion Bipartisan Infrastructure Bill to repair the nations aging roads and bridges, upgrade the electrical grid and expand access to broadband internet. (Details of the infrastructure funding and maps of progress can be found from https://www.whitehouse.gov/build/.)

How do you think the infrastructure bill can influence the U.S. economy? Discuss the potential long-term and short-term effects. You can refer to any theory we have learned in this course theory on long-term economic growth, short-term economic fluctuations, the basic Keynesian model, etc.