Y6

4. In the second half of 2021, Congress passed and President Biden signed into law a $1 trillion infrastructure bill. This bill increases spending to improve roads, bridges, communication systems (broadband access), clean drinking water, and similar structures across the nation. Use the short- run aggregate supply - aggregate demand model to graph and explain how the spending in this bill will likely impact the U.S. economy. State carefully any assumptions you make, just make sure that you don't assume the outcomes you're predicting (e.g. you may conclude from your analysis that GDP will rise, but that result needs to follow from the analysis and can't simply be assumed as an outcome)