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As businesses reopen after the shut down response to the Covid virus, the unemployment rate is...

As businesses reopen after the shut down response to the Covid virus, the unemployment rate is exceptionally high and the economy is likely producing far below its potential. Identify a policy that may help lift the economy out of this slump. Present an analysis where you explain the impact you expect from your policy on output, prices, wages, employment, and unemployment

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Answer - The expansionary fiscal policies such as the increased givernment spending as CARES Act , the decrease in the taxes and monetary policies such as the reduction in reserve requirement as done Zero by the fed in March 2020 will help to boost the supply of money in the economy . This will increase the consumption and investment in the economy . The increase in AD will raise the output , price levels and reduce the unemployment thus will cover up this recessionary gap.

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