This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Specification:
Click to read the article below and then answer the questions:
Joe Biden’s $1.9tn package is a risky experiment
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Distinguish between narrow money and broad money
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With reference to the chart, compare the growth of the broad money supply over the time period shown
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Explain why Covid-19 has caused ‘explosive growth of US broad money supply’
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Evaluate the extent to which extraordinary growth of the broad money supply combined with huge fiscal expansion will overheat the US economy
Gavin Clarke, Emmanuel College