Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help with this question The Federal Reserve, using monetary policy, and the Federal government, using stimulus measures such as the CARE Act, injected liquidity

please help with this question

image text in transcribed
The Federal Reserve, using monetary policy, and the Federal government, using stimulus measures such as the CARE Act, injected liquidity (a.k.a. cash) into the economy. One of these programs was known as the Paycheck Protection Program (PPP) which provided loans to businesses with the option to forgive the loan if the business kept a certain percentage oftheir employees on the payroll. One of the fears was that certain jobs might vanish if employees stayed unemployed for a longtime. What type of unemployment is the federal government trying to avoid with this program? 0 a. Frictional O b. Cyclical O c Seasonal 0 d. Structural 0 e. None of these

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics Principles And Policy

Authors: William J. Baumol, Alan S. Blinder

11th Edition

0324586213, 978-0324586213

More Books

Students also viewed these Economics questions