11. The global outbreak of COVID-19 in 2020 wreaked havoc on most economies. The containment efforts of
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11. The global outbreak of COVID-19 in 2020 wreaked havoc on most economies. The containment efforts of the pandemic were proving to be detrimental to economic activity, leading many countries to relax the lockdown even when the objective of the containment was not reached. How do you think the labor demand curve was affected because of the pandemic? How do you imagine countries are reacting to cushion the effect of the fall in economic activity on businesses and household incomes? Use a graph to illustrate your answer.
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