Answer one of the following 2 questions below. Your answer should be one page minimum (12 point front, normal margins, single-spaced)
1. Over the past few weeks, the U.S. and global economy have been devastated by the COVID-19 pandemic. In response, the U.S. has enacted the largest peacetime economic stimulus program in history. Provide an assessment of the fiscal policy components of the stimulus program based on the class lectures and at least one news article or piece of published analysis of your choosing.
2. The Colander textbook describes two distinct approaches to analyzing fiscal policy. These are the â€œfunctional financeâ€ and â€œsound financeâ€ approaches. Give a brief assessment of both approaches. Then explain which approach, in your view, is most appropriate for understanding the current U.S. economic circumstances.