I have an economics assignment in which the country that i choose is United States of America and based on that i have to explain the following considering these points in 500 words minimum.
What kind of fiscal policies did the chosen country follow in 2020? What tools did the government use to impose fiscal policies during 2020? Explain in detail the programs that the government used during 2020 and the implications of the policies for the economic conditions of the time.
What kind of monetary policies did the chosen country follow? What tools did central bank use to impose monetary policies? Explain in detail the programs that the central bank used during 2020 and the implications of the policies for the economic conditions of the time.
Stabilization policies of UNITED STATES OF AMERICA during pandemic :
1.Fiscal policies responses:
2.Monetary policies Responses:
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1. In 2020, the US government's fiscal policies were a combination of expansionary and contractionary. Increased government investment on stimulus programs and tax relief for firms and people were among the expansionary measures implemented. Governme…View the full answer
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