Final answer:
The U.S. House passing the CARES Act as a response to COVID-19 is an example of federal fiscal policy in action, providing financial aid to state and local governments.
Step-by-step explanation:
The U.S. House passing the CARES Act as a response to COVID-19 is an example of federal fiscal policy in action. The CARES Act, signed by President Trump, allocated $150 billion to establish the Coronavirus Relief Fund, providing financial aid to state and local governments. This act was designed to mitigate the economic impact of the pandemic by supporting individuals, businesses, and governments.