Understanding the Massive COVID-19 Fiscal and Monetary policy Response:https://www.thestreet.com/investing/futures/understanding-covid-19-fiscal-and-monetary-policy-response(Links to an external site.)

It is no secret that the COVID-19 pandemic has been the cause for the massive economic damage that the United States has been facing for the last couple months and will be facing until we are able to rebuild our economy. After reading this article, you will understand that due to this pandemic we are "far from equilibrium", in fact the U.S. is now currently in the cascading network collapse phase which is a result of our multiple economic interconnected parts disrupting one another in their own processes. To counter act our downfall, our government plans to feed in $2 trillion in economic support in order to get our economy back on track, this will raise our balance sheet to $6 trillion and a 30% increase to our GDP.

After reading this article:

1. What federal programs do you think will assist in rebuilding the economy?

2. In our previous class, we went over how the more a consumer makes the more they will spend. Do you think this will still be the case or will people be more cautious to spend their money and more focused on saving?