POS2041 Lecture Notes - Lecture 13: Coronavirus
16 Aug 2020
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Document Summary
The type of governmental policy for the cares act, which deals with the coronavirus, is redistributive. The use of this policy is best for this situation given that the economy is suffering with more than half of america being unemployed. The cares act provides fast and direct economic assistance to a large number of households, later making that money stimulate and boost the economy again. Such a method is referred to as deficit spending to help pump into the economy when it needs a boost. Government intervention was indeed necessary within the whole nation given that. Americans throughout all fifty states were seemingly affected by the recent coronavirus outbreak. The cares act provided a noticeable expansion of benefits for the unemployed, including a decrease of eligibility requirements for new applicants and an increase in weekly check rates for the next four months.
