Question: Let's consider aggregate demand a little to make sure that you have an understanding of the topic. When COVID hit and everyone started losing their


      • Let's consider aggregate demand a little to make sure that you have an understanding of the topic. When COVID hit and everyone started losing their jobs, the government passed the CARES Act which injected $3 Trillion dollars into the economy.

        1. What was the impact of the CARES Act on aggregate demand?

        2. Over time would the change in aggregate demand do anything to aggregate supply?




  •  

Step by Step Solution

3.38 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 The CARES Act which injected 3 trillion into the economy had a significant impact on aggregate demand Aggregate demand refers to the total amount of ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!