Today and due to the spread of Covid-19, we can observe that some sectors in an...

70.2K

Verified Solution

Question

Economics

Today and due to the spread of Covid-19, we can observe thatsome sectors in an economy are expanding and others contracting,while the government very actively is intervening in the economy.Using the public economics framework, list and discuss at leastthree examples of government initiatives for the USA Remember tocontextualize, define, exemplify, and illustrate relevant concepts,as well as including data to support your descriptions andanalyses.

Answer & Explanation Solved by verified expert

3.9 Ratings (580 Votes)

1The US government has formulated the CARS Act to salvage the economy and the inhabitants from the wreck caused by the pandemic In One of its provisions the US government has announced a stimulus package worth 22 Trillion Dollars Due to the pandemic millions of people have lost their jobs income level has reduced drastically spending and the purchasing power has contracted significantly People are in dire need of a reprieve a breather pun aside a means to put food on their table and the announcement of 1200 Dollars of Direct benefit transfer to individuals with Income below 7500 Dollars and 500 Dollars per child is aimed at accomplishing this When people lose jobs when their income reduces it creates a vicious cycle in the economy of low aggregate demand low employment and wages It is imperative to revive and stimulate the economy in such dire situations the expansionary monetary and fiscal policy can be directed towards stimulating and ensuring that the economy works smoothly to meet the basic necessities of life When the government through its expansionary See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member