Question

Briefly synthesize the 2020 fiscal policies implemented by the US government as a result of COVID-19.

Answer 1

In 2020, the US government implemented fiscal policies in response to the COVID-19 pandemic. These policies included expanded unemployment insurance, aid to state and local governments, grants and tax breaks for small businesses, and stimulus checks.

Step-by-step explanation:

In response to the COVID-19 pandemic in 2020, the US government implemented several fiscal policies to address the economic impact of the crisis. These policies included:

1. Expanded unemployment insurance to provide financial support to individuals who lost their jobs due to the pandemic.
2. Aid to state and local governments to prevent budget cuts and maintain essential services.
3. Grants and tax breaks for small businesses to help them weather the economic downturn.
4. Stimulus checks sent to over 100 million households, providing direct financial assistance to individuals and families affected by the pandemic.

These measures were supported by both Democrats and Republicans, although there were debates and compromises over the size and target of the stimulus checks.