Please answer the questions CORRECTLY:

Q.1. In your own words, and as it pertains to the topics covered in this course, carefully describe three of the specific fiscal policy initiatives that the federal government undertook in response to the COVID-19 pandemic.

This answer is worth 15 marks.

You must have three separate paragraphs, one for each fiscal policy initiative you are describing.

Recommended word count is 400-500 words

Q.2. Using the AD/AS model describe how the Covid-19 pandemic would lead to inflation.

1. In your written answer, you must describe a COVID-19 factor that would change each (i) aggregate demand and (ii) aggregate supply such that inflation results in the economy.
2. In your written answer you must demonstrate how the two forces you described above would result in inflation.