FISCAL POLICY ASSIGNMENT INSTRUCTIONS
*Please see important notes at bottom*
Overview
One of the
tools available to influence the well-being of the economy fiscal policy. The
federal government may utilize fiscal policy as an expansionary or
contractionary action, depending on the goal of the policy. In this assignment
you will investigate specific fiscal policy initiatives taken during the
Coronavirus pandemic in the United States and recognize the effects of the
policy on economic output, the labor market, and the federal debt.
INSTRUCTIONS
During the
Coronavirus pandemic, the United States launched many fiscal policy initiatives
to stabilize and grow the United States economy. For this assignment, complete the following
in paragraph form:
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.
PLEASE REFERENCE AND USE THE CLASS TEXTBOOK (Principles of Macroeconomics with Biblical Commentary
by Liberty University THIRD EDITION, WITH COVID-19 UPDATE, by Lee
Coppock and Dirk Mateer) TO DEFINE THE TERM AND INCLUDE TWO OTHER SCHOLARLY OUTSIDE SOURCES.
*DO NOT BID IF YOU DO NOT HAVE ACCESS TO THIS TEXT: Principles of Macroeconomics with Biblical Commentary
by Liberty University THIRD EDITION, WITH COVID-19 UPDATE, by Lee
Coppock and Dirk Mateer*
