Read then write essay about how the government responded to keep the economy thriving during the covid-19 pandemic and did they do all they could or should they have done more?: To ensure resource allocation that is fair, sustain economic stability, and foster economic growth, government engagement in the economy is essential. The three main ways the government may become involved are through fiscal, monetary, and regulatory policies. As the US central bank, the Federal Reserve is essential to the management of monetary policy. To combat inflation and unemployment, it controls the money supply, determines interest rates, and manages the banking system. "The Federal Reserve's responsibilities include conducting monetary policy, supervising and regulating banks, maintaining financial stability, and providing financial services to depository institutions, the U.S. government, and foreign official institutions." San Francisco Federal Reserve BankBecause of the COVID-19 pandemic's severe effects on the economy and public health, government action was required. Many Americans experienced financial difficulties and an economic slowdown as a result of lockdowns and restrictions that resulted in lower consumer purchasing, company closures, and widespread job losses. Unprecedented increases in unemployment rates exacerbated income inequality and jeopardized the stability of the economy as a whole. "The COVID-19