09 Jul The United States $1.2 trillion infrastructure bill in 2021
In the fall of 2021, the United States enacted a $1.2 trillion infrastructure bill that provided for replacement of drinking water systems; expansion of high-speed internet access; repair and rebuilding of roads, bridges, and power systems; and expanded passenger rail service. Select one of these projects and discuss the following.
- How might this project affect aggregate supply and aggregate demand over time?
- Review section 23-3b in the textbook and discuss which of the four factors presented explains the shift on aggregate demand the project may have.
- Review Table 2 in Section 23-4c in the textbook and discuss which of the four factors presented explains the shift on aggregate supply the project may have.
- After 10 years, do you believe that the project will result in a greater shift in demand or a greater shift in supply? Explain your reasoning.
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