InstructionsFor this Unit VI Assignment, continue with the industry you selected in Unit II.The...

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InstructionsFor this Unit VI Assignment, continue with the industry you selected in Unit II.The annual association meeting of your selected industry will take place soon. You have been asked to present a report regarding the current status of the federal budget and fiscal policies in place in the United States. For your presentation, write a report (in essay form) in which you consider and explain how the current status of the federal budget and fiscal policy will impact your chosen industry over the next 2 years, using economic theory to support the conclusions you draw.Do not write your report based just on textbook theory—address current policy and how it will impact your industry, based on theory.Address the following in your report as appropriate:expansionary and contractionary fiscal policy,fiscal policies used to close a recessionary gap and an expansionary gap, andthe rationale for budget deficits.Your report must be a minimum of four pages (1,000 words, double-spaced). You have already completed assignments concerning your selected industry in Units II and IV. Reviewing the information you gathered for those assignments should help you when completing this one.Adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary.TheUnited States Government Publishing Office websiteis a helpful website for finding information for this assignment.

Komalavalli · Accepted Answer

Introduction:
The government has unveiled a $2 trillion stimulus program available to all enterprises, with the tourist industry serving as the centerpiece as lawmakers create large sums of money expressly for impacted industries. Airlines, airports, and travel agencies have been particularly badly impacted. Passenger airlines in the United States will be able to access around $50 billion in funding, half of which will be in the form of grants and the other half in the form of loans. Once an airline accepts government funds, the law bans it from terminating or letting go of front-line staff. The government will also spend $10 billion on airports. Hotels can also apply for loans, which are limited to a maximum of 250 percent of the hotel's monthly salary. Loans are forgiven, which means they do not have to be returned if hoteliers re-hire employees by June 30. For a total of $25 billion in loans, loan guarantees, and investment in passenger airlines, other aviation-related firms, and ticketing agencies.
While corporations will receive a substantial chunk of that people are expected to receive over $600 billion, according to one estimate it is now becoming the more difficult aspect for enterprises. They must request funds from US government agencies, which will be in charge of determining which enterprises will receive assistance and how much. This will be difficult since the law is not always clear about what firms are entitled to with the money.
Every sort of company has the right to file a complaint. However, tourism is key, with lawmakers establishing specific funding for the hardest-hit industry, including as airlines, airports, and even travel agencies. Travel firms in sectors not directly included in the bill will also have to compete for funds, hoping to qualify for subsidies and loans in order to exist until the coronavirus epidemic is over.
How much money travel agents receive and how they spend it will shape the business for decades to come. Some will make it. Others, possibly the numerous small enterprises that account for the majority of the trip, will not be so fortunate.

Instructions For this Unit VI Assignment, continue with the industry you selected in Unit II.The annual association meeting of your selected industry will take place soon. You have been asked to...

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