The US economy is in a recession. Explain how to use the fiscal OR monetary policies of the US government to positively impact the economy of the United States. List three different policies and how they could be applied.

Recession is the downfall of economy and and different fiscal policies can help support the economy and uplift the economic activity.

Explanation:

A recession may be defined as a downfall of the economy or a decline in the economic activity. It occurs if there is a drop in spending.

The Fiscal policy of the government or the monetary policy helps to sustain the economy of the country. The main aim of the fiscal policy is to support the people and strengthen the downward shock and help them to stand against the recession.

Firstly the fiscal policy of the federal government should support the one losing their jobs with resources and benefits.

Secondly the government can distribute some funds to the households to support their families so that the people can survive and also there would be some purchasing power to the economy.

The Federal government can support the States spending. The monetary policy can guarantee loans to the businesses.

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