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

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Fiscal Policy

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.