Economics class: Joe Biden’s $1.9tn package is a risky experiment
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Monetary and Fiscal Policy
Click to read the article below and then answer the questions:
Distinguish between narrow money and broad money
With reference to the chart, compare the growth of the broad money supply over the time period shown
Explain why Covid-19 has caused ‘explosive growth of US broad money supply’
Evaluate the extent to which extraordinary growth of the broad money supply combined with huge fiscal expansion will overheat the US economy
Gavin Clarke, Emmanuel College