Question
1. (2 points) The ongoing COVID-19 pandemic has had a devastating human impact on our society. Without a doubt, it has also had an economic
1. (2 points) The ongoing COVID-19 pandemic has had a devastating human impact on our society. Without a doubt, it has also had an economic impact. Consider the pandemic's impact in terms of both microeconomics and macroeconomics. Think of two microeconomic changes that have resulted from the pandemic and list them, briefly explaining what makes them microeconomic. Then think of two macroeconomic changes that have resulted from the pandemic and list them, briefly explaining what makes them macroeconomic. Now consider your own role as a decision-maker (hint: this is microeconomics). Have you been impacted economically by the pandemic? Explain how or how not.
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