Communications Question

COVID-19 has made a huge impact on global and US economy and our everyday life. No one is immune to its aftermath, including consumers, businesses (especially small businesses), employees, employers, and governments. In order to combat recession, government has used various policies at both Federal and local levels.

  • Describe how you and your family are influenced by COVID-19 (both good and bad, e.g., lose/reduced income, higher food costs, less traffic/commute time, tutor children at home, workout more, etc.)
  • List 5 government policies that help alleviate the financial stress for families and businesses. Include four fiscal policy and one monetary policy. For each policy, you should:Identify whether it is fiscal policy or monetary policyBriefly describe how the policy works, who is eligible for the benefit, how and where to applyDoes this policy help you or your family during this difficult time?The focus of this assignment is on 5 government policies during COVID. List 5 such policies and give enough information and details on each policy. Identify at least one fiscal policy and one monetary policy. 

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