ECONOMICS ASSIGMENT

When the COVID pandemic started, the U.S. government introduced the CARES Act to try to prevent an economic collapse.

By introducing this stimulus package, the government implemented fiscal policy to help many families and businesses. One question that was not raised, though, was how did the government manage to secure the funding to accomplish this type of spending?

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Please read the following article written by Professor Stephanie Kelton to understand the basics of government budget and discuss what you find more interesting from the arguments raised by her:

https://theintercept.com/2020/03/27/coronavirus-stimulus-package-spending/

In your discussion, you can include some managing aggregate demand via fiscal policy.

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