The Federal Government has in the 2022 created several programs by passing legislation, including: a. Sending Covid-19 checks (money) to individuals and families b. Passed the Infrastructure bill to spend over 800 billion dollars in repairing roads, bridges etc. c. Passed the Inflation reduction act: The Inflation Reduction Act of 2022 will make a historic down payment on deficit reduction to fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030. The bill will also finally allow Medicare to negotiate for prescription drug prices and extend the expanded Affordable Care Act program for three years, through 2025. The new proposal for the FY2022 Budget Reconciliation bill will invest approximately $300 billion in Deficit Reduction and $369 billion in Energy Security and Climate Change programs over the next ten years. What fiscal policy is the Federal Government trying to implement through those acts? Are those the correct actions or remedies for the current state of economy with 6.5% inflation rate? Justify your answer whether Yes or No

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The Federal Government is implementing expansionary fiscal ... View the full answer