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During the COVID-19 pandemic that began to adversely impact the U.S. economy in early 2020, the Federal Reserve took a number of actions to attempt to ameliorate the impact of the COVID virus on the economy.Complete an essay in which you:Identify and describe the specific actions that the Federal Reserve took to ameliorate the negative impact that the covid virus had on the economy.Using the concepts of monetary policy that were covered in the course, explain how the actions of the Federal Reserve affected aggregate demand.Explain how the actions that were taken by the Federal Reserve might result in inflation or stagflation.Complete this essay as a Microsoft Word document. Make sure to format your paper using the APA style. The paper must be at least 700 words in length and will automatically be submitted it to “TurnItIn” for a plagiarism review.Due DateJun 19, 2022 11:55 PM