Problem
Summarize the article "The Economic Recovery Is Here. It's Unlike Anything You've Seen." By Gwynn Guilford and Sarah Chaney Cambon and respond to the following:
A. What did the Federal Government do in response to COVID-19?
B. Briefly explain how these actions would affect the following in the short run: economic output, price levels, government surplus/deficit, and interest rates. Include a well-labeled AA-DD Model Graph.
C. Briefly explain how these actions would affect the following in the long run: economic output, national savings, investment, government surplus/deficit, and interest rates. Include a well-labeled AA-DD Model Graph.