Answered: 3. Now describe the anticipated impacts…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter24: Fiscal Policy

Section: Chapter Questions

Problem 8P

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Scenario:

The bill includes $130 billion to allow for a return to full-time, in-person teaching at K-12 schools.
assistance to small busines, landlords and renters: 30 Billion
Obomacare Expansion: 34.2 Billion
Child Tax Credit Boost: 110 Billion
Vaccine Distribution: 160 Billion
school credit: 1 Billion
Coronavirus Preparedness and response supplemental appropriation act: 8.3 Billion
Families first coronavirus reposne act 225 billion
paycheck protection program: 483 Billion
Consolidated appropriations act: 920 Billion

So we just had one of biggest (if not THE biggest) actions of Fiscal Policy. Now using the Agg Model, you will explain what is happening now...

Question: Now describe the anticipated impacts of the Biden Covid Bill. Remember, the focus is only on one side of the equation: is it Agg. Demand or Agg Supply? Please be specific with provisions in the bill and anticipated impacts on the economy (affecting C, G, Net X or I).

3. Now describe the anticipated impacts of the Biden Covid Bill. Remember, the focus is only
on one side of the equation: is it Agg. Demand or Agg Supply? Please be specific with
provisions in the bill and anticipated impacts on the economy (affecting C, G, Net X or I).

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