ASSIGNMENT(1k to 1.5k words)

Read Friedman's 1968 article as well as conducting your own research into the policies used to address the COVID-19 economic crisis. In an essay of 1,000-1,500 words, you should answer this basic question: Do you believe that the monetary policy response to COVID-19 was appropriate? Your answer should address the following:

1. What macroeconomic challenges did COVID-19 pose for the countries around the world?

2. Describe how monetary policy was used to mitigate the economic impacts of COVID-19.

3. Do you believe that the use of monetary policy in managing the COVID-19 crisis was consistent with Milton Friedman's advice on how monetary policy should be used to avoid financial crisis and depression? Explain why or why not. Your answer should include illustrations (aggregate demand and aggregate supply, liquidity preference, national savings/investment) as well as citations of references.

link-https://www.aeaweb.org/aer/top20/58.1.1-17.pdf