Government spending during pandemic on current debt

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Reference no: EM133619297

The Bankrupting of America Fact: America's national debt stands at $17 trillion. That's a tough number to grasp. Most people will never come close to making $1 million in any given year. How can we understand the magnitude of the hole our country is in? Well, imagine you owed your credit card company $200,000. Answer the following questions:

1. How much is the current debt?What is the impact of total government spending during the pandemic on current debt? Is government spending on the pandemic fiscal or monetary policy?

2. Give 2 reasons why you think government spending for the pandemic is fiscal or monetary policy.

Reference no: EM133619297

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