Describe two expansionary fiscal policy that Congress has enacted since mid-March to offset economics dislocations of Covid-19? Include supporting numbers. Assuming that the marginal propensity to consume is 0.5 to calculate the magnitude of the fiscal multiplier? On an annual basis calculate the total impact each policy will have on GDP. 

 

Answer rating: 100% (QA)

Example Expansionary Fiscal Policies 1 CARES Act March 2020 The CARES Act was a significant stimu... View the full answer