US Monetary and Fiscal Policies During Pandemic

Analyze the effects of monetary and fiscal policies employed during the pandemic.

Provide an analysis of the monetary policy approach the Federal Reserve took to the pandemic, an analysis of the fiscal policy approach the Federal Government took to the pandemic, and an analysis of how the attempts to influence GDP in the short-run negatively affect GDP in the long run. Explain why the unemployment rate dropped rapidly in the United States despite low rates of increases in GDP, and identify, as appropriate, the economic principles that factor into your analysis.