Question
In 2020, the Coronavirus pandemic escalated, leading to millions of people being infected, hundreds of thousands of people dying, and changes in most peoples everyday
In 2020, the Coronavirus pandemic escalated, leading to millions of people being infected, hundreds of thousands of people dying, and changes in most peoples everyday lives. The economy shutdown with millions of North Americans losing their jobs, businesses shutting down on a temporary or permanent basis, and many consumers staying inside for several months. The stock market fell significantly, but by the end of Summer 2020, many indexes were reaching all-time highs as seen below: S&P 500 Index In other words, as Canada and US were experiencing some of the worst macroeconomic results in several decades (such as unemployment rate and GDP growth), the stock market was booming. Why is there such a seemingly disconnect between the stock market and the economy?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started