Multiple Choice control the rising inflation due to the COVID recession. increase indirect payments to consumers using tax cuts. widen the GDP gap by increasing the government's debt. shrink the GDP gap that emerged due to the COVID recession.
Multiple Choice control the rising inflation due to the COVID recession. increase indirect payments to consumers using tax cuts. widen the GDP gap by increasing the government's debt. shrink the GDP gap that emerged due to the COVID recession.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The Coronavirus Aid, Relief, and Economic Security Act (CARES) helped to
Multiple Choice
-
control the rising inflation due to the COVID recession.
-
increase indirect payments to consumers using tax cuts.
-
widen the
GDP gap by increasing the government's debt. -
shrink the GDP gap that emerged due to the COVID recession.
Expert Solution
Step 1
CARES ACT is legislation by the US government to give some relief to the people due to the covid 19 pandemic.
under this act, the beneficiaries get direct payments some rebates for couples with children, and benefits for unemployed people who lost their jobs.
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