Extended Essays 2021

monetary policy in 2020 has been overused. In addition, under the series of monetary policies

in 2020, the recovery rate of GDP is much faster, even reaching the height of $19358.176

billion in Q2 of 2021, significantly exceeding the level before the epidemic. And the real

GDP may continue to rise in the future according to the current trend.

On the other hand, the unemployment rate change in 2020 is relatively stable. This is because

it rapidly reduced to the previous level under the influence of monetary policy, and there is

no exceptionally high or low situation. Therefore, it can be determined that the monetary

policy is slightly overused.

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