Question
Hi, I need help with the discussion below. Thank you for your help In 2020, the COVID-19 struck and disrupted the world. As a result
Hi, I need help with the discussion below.
Thank you for your help
In 2020, the COVID-19 struck and disrupted the world. As a result of this virus, we saw a decrease in Aggregate Demand, which lead to our production nearly halting in several industries. For this discussion tasks are:
- Think about some industry or type of firm that you have knowledge about and explain how that industry has been affected by COVID-19.
- Then explain how this impact could be demonstrated in our AD/AS model
Note: As work through this discussion, try to focus on one individual firm/industry and the economic impact of the virus. It is fair game to talk about the effect of legislation concerning the virus, but this prompt is not necessarily looking for critique or praise concerning legislation or individual politicians/leaders concerning the virus.
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