Now, it is time to shift gears and focus on literature that addresses business swings and how the federal government and the Federal Reserve respond to economic conditions based on the different phases of the business cycle. Who is your favorite Economist or political figure who describes fiscally responsible tactics in which fiscal and monetary policies are enacted? During COVID-19 (2020-2022), which authors supported and/or opposed actions taken by the Federal Reserve and federal government? Can you explain whether the expansionary fiscal and monetary policy enacted during COVID-19 was beneficial to our domestic economy?
For this module week's ECONverstation, respond to the following prompts.
- Identify a piece of literature that addresses economic business swings within our domestic economy.
- Do authors tend to agree with actions taken by the federal government and the Federal Reserve?
- Can you explain whether authors believe public policies during COVID-19 (2020-2022) promoted economic output in the United States?
Support your post by incorporating concepts from this module week's readings as well as any additional literature or personal experience. All references should be documented using the current APA style.