Define fiscal policy and explain whether the government should implement an expansionary or contractionary fiscal policy during the pandemic.

INSTRUCTIONS

During
the Coronavirus pandemic, the United States launched many fiscal policy
initiatives to stabilize and grow the United States economy. For this assignment, complete the following
in paragraph form:

1.
Define fiscal policy and explain whether the government should implement an
expansionary or contractionary fiscal policy during the pandemic.
2. Identify one of the fiscal policy
initiatives implemented at the federal level during the pandemic. Describe the
program: What was it? What was it designed to do? How large or a program was
it? Use outside research from The Wall Street Journal or another newspaper from
2020 or 2021 to support your assertions.
3.
Was this program designed to impact economic output, the labor market, or both?
Explain.
4. What were the costs associated with this
program? How did it effect the amount of the Federal Debt?
Response
should be a minimum of 300 words and include at least one outside source in
addition to the text. Provide a reference list in APA format. Do not include a title page.

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