you must also include at least 3 references to support your claims/arguments. Points will be deducted for a lack of sufficient references.
COVID-19 has created economic challenges for the United States, and the effects of the disease have not been eliminated yet.The economic ramifications of COVID-19 were enough for officials to use monetary and fiscal policy to alleviate the burden on Americans.
Explain what monetary policy is and how it was used to aid the US economy is 2020 and 2021. Compare this to monetary policy in the past during a recession. Was there something else that come have been done in 2020 and 2021? If so, how is your solution an effective use of monetary policy? If not, was the monetary policy you noted successful?
Explain what fiscal policy and how it was used to aid the US economy in 2020 and 2021. Compare this to fiscal policy in the past during a recession Was there something else that could have been done in 2020 and 2021? If so, how is your solution an effective use of fiscal policy? If not, was the fiscal policy you noted successful?
In your opinion, if you could only choose one type of corrective policy for the US economy, which one would you choose. Why?