During the COVID-19 pandemic that began to adversely impact the U.S. economy in early 2020, the Federal Reserve took a number of actions to attempt to ameliorate the impact of the COVID virus on the economy.
Complete an essay in which you:
- Identify and describe the specific actions that the Federal Reserve took to ameliorate the negative impact that the covid virus had on the economy.
- Using the concepts of monetary policy that were covered in the course, explain how the actions of the Federal Reserve affected aggregate demand.
- Explain how the actions that were taken by the Federal Reserve might result in inflation or stagflation.