Explain what is meant by an asymmetric shock and discuss the role of monetary, fiscal and income policies could play to deal with such a shock for a Eurozone member country. Member countries of the Eurozone are currently hit by the Covid-19 pandemic, though some countries are hit harder than others as can be seen from the recent projections of the IMF, here shown for Germany and Italy as an example, in the figure below. Real GDP Projections by the IMF (2019=100) 100 -Germany Italy 104 100 30 90 92 2019 2020 2021 2022 2023 2024