The congress and senate have passed the cares act in response to the government shutdown, essentially providing
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The congress and senate have passed the cares act in response to the government shutdown, essentially providing grants for small businesses that keep the payrolls going, financial support for low and middle-income Americans who are experiencing disruptions (including cash payments and mortgage deferrals), and financial support to major corporations that are confronting financial distress through loans, loan guarantees, debt purchases, and other financial contracts.The total stimulus is 2 billion.What will be the short-run (roughly 1 year) and long-run economic impact of these actions?And if you were president, what would you differently?
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