11. First, prepare a graphic representation off the economy before the Biden Covid Bill. In th space below, insert the names for X and Y axis, graph LRAS and SRAS and AD line, and identify/label equilibrium. Be sure to identity whether the economy is at equilibrium, in expansion or in recession.
11. First, prepare a graphic representation off the economy before the Biden Covid Bill. In th space below, insert the names for X and Y axis, graph LRAS and SRAS and AD line, and identify/label equilibrium. Be sure to identity whether the economy is at equilibrium, in expansion or in recession.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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- 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...
First, prepare a graphic representation off the economy before the Biden Covid Bill. In the space below, insert the names for X and Y axis, graph LRAS and SRAS and AD line, and identify/label equilibrium. Be sure to identity whether the economy is at equilibrium, in expansion or in recession.
Transcribed Image Text: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...
11. First, prepare a graphic representation off the economy before the Biden Covid Bill. In the
space below, insert the names for X and Y axis, graph LRAS and SRAS and AD line, and
identify/label equilibrium. Be sure to identity whether the economy is at equilibrium, in
expansion or in recession.
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