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The below excerpt is from a recent news article. After reading, answer the question(s) provided. A new batch of $1,400 (COVID) stimulus checks has been

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The below excerpt is from a recent news article. After reading, answer the question(s) provided. "A new batch of $1,400 (COVID) stimulus checks has been sent to individuals, bringing the total number of payments to almost $167 million, for a total amount of approximately $391 billion. Most of the checks that continue to be issued are directed at taxpayers. In addition, new checks are also being sent to Americans who typically do not file taxes, but recently did so in order to claim the stimulus money." a) Will the distribution of stimulus checks most immediately impact the aggregate supply or the aggregate demand curve? Why? b) Building on your answer from part a), which direction will the curve shift (answer "right" or "left") and why? c) How will the price level and the GDP change as a result of this shift (answers should be "increase" or "decrease")? Edit View Insert Format Tools Table A 12pt V Paragraph BI U A & V TV

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