This discussion is designed to see if you can apply economics to real life situations.Please use your own personal experiences to answer the following discussion questions. If you do not have personal experiences, you can share examples of your family and/or friends. This will show that you are able to make connections between what you learn in this class and what you encounter in the real world.

Now it is time to reflect on what you've learned in Module 04 and apply them in your daily lives.

Your participation in this Discussion demonstrates the following learning objectives:

• Describe what is fiscal policy and who makes fiscal policy decisions in the United Sates.
• Discuss how does fiscal policy affect your daily lives.

What to do:

After reading the fiscal policy chapter, share with us what happened to the government spending in the U.S. during the pandemic.

Please use specific examples in your discussion post, such as supplemental unemployment insurance, economic impact payment (i.e., stimulus check payment) to individual citizens, tax credits for business to support emergency family and medical leave, etc. to answer the following questions:

1. Which fiscal policy did the U.S. government use during the pandemic? (i.e., contractionary or expansionary?) Why does the U.S. government use this fiscal policy? Explain your answer in terms of economics.
2. How did you and/or your family benefit from the CARES Act? Please share your own experiences with specific examples.
3. In your opinion, was there a multiplier effect as a result of this fiscal policy? Why? Please use specific examples to explain your rationale.