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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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