In March 2021, the Biden Administration signed a fiscal stimulus package to help in the economic recovery.

While our models in general argue that higher spending leads to higher prices; in reality the exact quantitative impact of fiscal stimulus on inflation is debated.

For this activity you are asked to read and discuss the following article where such debate is discussed: Inflation and the Biden Stimulus.

Specifically:undefinedDiscuss the different views presented in the article with respect to INFLATION and the STIMULUS.