1.If oil prices fall through 2021 at the same time educational quality improves from millions of kids being home schooled rather than attending public schools - and if this continues through 2022- we could see:

a.Non-inflationary economic growth - especially if aggregate demand continues to move in the direction it is expected to throughout the summer and fall of 2020.

b.Stagflation stemming from the deleterious impact school closings would have on productivity.However, low oil prices would not impact the economy in any meaningful way.

c.Some offsetting effects that we are getting from the change in aggregate demand.Cyclical unemployment would fall and there would be lower rates of inflation as aggregate supply increases.

d.Aggregate supply would not change, but aggregate demand would rise a bit.