Background: The current public health crisis of Covid-19 has had a unique and unprecedented impact on people's lives around the globe. As part of this crisis, major economies have experienced a sharp contraction in GDP and recently a significant inflation pressure.

The country is the USA, and the main question is Discuss whether this economic crisis represents a temporary contraction and economic activity will return to pre-crisis levels quickly once restrictions are removed or whether there are factors that might change economic activity more permanently.

Please write the answers in details and in a high standard, please use GEP paper which is called the business costs of supply chain disruption as a reference. And you are welcome to make other references as well! Thanks!