Show the before and after effects of covid

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"Both reports come on the one-year anniversary of the passage of the CARES Act, the first of three coronavirus relief packages passed by Congress, the latest of which is now sending $1,400 checks to Americans. All told, about $5 trillion in fiscal stimulus has been added to the U.S. economy in the past 12 months as well..."

Question 1: Using aggregate demand and aggregate supply diagrams, show the before and after effects of COVID-19, and the effect of the stimulus packages on the US economy. In a paragraph, explain why the curve(s) shifted.

Question 2: What type of policy are the CARES Act and relief packages passed by Congress? What is the goal of these policies?

Reference no: EM132892991

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