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Select all the statements about the fiscal response to lockdowns imposed at the beginning of the COVID-19 pandemic that are correct.
Multiple select question.

Relief money provided by the CARES Act began being delivered about a month after the act was approved.

Congress passed the CARES Act to help support individuals and business during the COVID-19 pandemic.

Policymakers understood that once lockdowns were imposed in response to the pandemic that a recession would be an unavoidable side effect.

Lawmakers debated the CARES Act for several months before coming to an agreement and passing the bill.

1 answer

The correct statements about the fiscal response to lockdowns imposed at the beginning of the COVID-19 pandemic are:

  1. Congress passed the CARES Act to help support individuals and business during the COVID-19 pandemic.

  2. Policymakers understood that once lockdowns were imposed in response to the pandemic that a recession would be an unavoidable side effect.

The other statements can be evaluated as follows:

  • Relief money provided by the CARES Act began being delivered about a month after the act was approved. (This is generally accurate, as initial payments began about a few weeks after the act was signed into law on March 27, 2020, but it may not apply to all forms of relief, so context matters.)

  • Lawmakers debated the CARES Act for several months before coming to an agreement and passing the bill. (This statement is inaccurate; the CARES Act was drafted and passed relatively quickly, within a matter of weeks, due to the urgency of the situation.)

Therefore, the first two statements regarding the CARES Act are correct.