Question: Need some help with these questions, thanks! Explain the CARES Act of 2020 and American Rescue Plan Act of 2021 (ARPA). Discuss if this program

Need some help with these questions, thanks!

  1. Explain the CARES Act of 2020 and American Rescue Plan Act of 2021 (ARPA).
  2. Discuss if this program is Keynesian or Classical.
  3. Explain the effects of these programs using the AD/AS Model. (e.g. how the shifts in aggregate demand through government programs (through the multiplier effect) change GDP).

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