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Discuss the fiscal and monetary policy measures that have been put in place to deal with the effects of COVID-19. Use graphs to explain the

  • Discuss the fiscal and monetary policy measures that have been put in place to deal with the effects of COVID-19. Use graphs to explain the different policies and explain how you think they will affect output and employment in the short and the long run.
  • Would the impact be different if the country was under a fixed exchange rate regime?
  • Would you recommend a fixed exchange rate regime in the context of COVID-19, seeing how the rand has suffered?

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