Stimulus in American Bills
It will be about one of the questions you posted on Packback. You will provide details about why you care to ask it, why it is related to the course, and what you learn from writing it and the responses you got.
It does not need to be formal since it is not a thesis. The key is to express a relatively complex idea with clarity and originality.
A possible way of doing it is:
oStep 1: Introduce the question, and explain the relevance.
oStep 2: State your initial opinion or understanding.
oStep 3: If the question received responses from others, summarize them in a logical manner. And then provide your direct response to them. If some responses are not relevant to your original question, you can explain why briefly.
oStep 4: You should have gained additional ideas by further learning on the topic, for example by reading the textbook or other people’s questions and responses. Then you can discuss your second or third thoughts here.
The essay’s word count should not be more than 1,000, excluding tables and bibliography. The font-size should be 11-12 point.
I expect the writing to be clear and have the grammar checked (you can use free services such as grammarly.com).
It should be submitted via UBlearns.
Here is my question I Posted：
What is the impact of the stimulus bill on the future of the United States?
We know The economic stimulus bill launched by the Biden administration, with a total scale of US $2.8 trillion, is equivalent to 13% of US GDP in the same period. What is the basis for such a huge economic stimulus plan? What are the possible impacts? I heard that there will be a fourth economic stimulus bill. If it is passed, will it affect the position of the United States in the world?
Here is my text Book: http://www(dot)standupeconomist(dot)com/pdf/books/microcalc.pdf
Please let me know if anything you need!Thx
ECO405 Final Essay
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ECO405 Final Essay
Question:
What is the impact of the stimulus bill on the future of the United States?We know the economic stimulus bill launched by the Biden administration, with a total scale of U.S. $2.8 trillion, is equivalent to 13% of US GDP in the same period. What is the basis for such a huge economic stimulus plan? What are the possible impacts? I heard that there would be a fourth economic stimulus bill. If it is passed, will it affect the position of the United States in the world?
Step 1
The question presents a socio-economic perspective of the bill's impacts on Americans. Notably, the stimulus package is aimed at boosting spending and employment. The Covid, 19 pandemic's onset, created unemployment due to containment policies like social distancing and limiting social activities to curb the virus' spread. The choice of question will expound on the economy, Covid 19 containment, money supply and circulation, status of living, and other economic aspects.
Consequently, the question will present in-depth information on the basis, benefits, and negative impacts of the stimulus package bill. Additionally, answers to the question could be integrated into determining future economic stimulus bills by gauging the impacts of the third bill. Knowledge from the answers could be integrated into implementing the stimulus bill to ensure enhanced results.
Step 2
A review of Covid 19 impacts shows that since its onset, there has been a decrease in spending. For instance, April 2020 was characterized by a 14.8% high in unemployment rates in the U.S. Economic measurement approaches like the gross domestic products and inflation rates can be used to provide comprehension of the economy's state and requirements for economic stimulus bills. After the in-depth review of stimulus packages-related facts, I have found substantial data on the bill's status, internal and external impacts.
Benefits
The bill will facilitate employment benefits with more federal boosts on state-related subsidies. According to Nova (2021), an average of 75% of the wages will be replaced among laid-off workers by the state and federal packages. Most families depleted their emergency funds during the pandemic due to some of the prolonged impacts. The 75% wages will facilitate access to food, groceries, medical cover, and payment of other bills. Ultimately, the increased spending will enhance economic growth.
The stimulus checks will lead to an infusion of cash into the economy, eventually leading to more spending (Werner, 2021). The stimulus funds will ease access to medication and food that are the most vital needs during the pandemic. Concerning rental and mortgage assistance, more than $45 billion and $10 billion respectively have been included in the stimulus package (Nova, 2021).
The stimulus package will influence food benefits, whereby there is a 15% increase to recipients till 30 September (Nova, 2021). These benefits are under the Supplemental Nutrition Assistance Program and can be accessed depending on the state policies.
Risks
A scale of 13% of US GDP in the stimulus bill is a large debt burden that could lead to bankruptcy in the long-run (Janzer, 2021). Consequently, repay...