A 150-200 word explanation on whether you agree or disagree with these statements using economics terminology.

1. When the value of the American dollar increases with respect to other countries' currency, most American companies and individuals will benefit. (Macroeconomics)

2. As a result of the quarantine, a significant number of smaller businesses permanently shut down. This will not affect the economy because larger companies will be able to provide products/services to their former customers and hire their former employees. (Microeconomics).