. Closing businesses during the initial phase of the covid pandemic was almost unprecedented. What happened to aggregate demand when the economy was shut down? What examples can you present to support this position? (Hint: consider the effects on consumer and business income... unemployment.) How did the government respond in terms of fiscal policy? How was that expected to help? (Check out this link for information: https://www.brookings.edu/blog/up-front/2020/03/23/covid-19-and-the-u-s- economy-faq-on-the-economic-impact-policy-response/ ) .Next, now that the economy has reopened, what has happened to aggregate demand AND aggregate supply? what examples can you present to support this position? . In your opinion, are we headed for a recession? What should our fiscal policy be at this point