In the spring of 2020 concerns about the coronavirus led to the temporary shutdown of many activities in Wisconsin. As a student of macroeconomics you would predict:

In the spring of 2020 concerns about the coronavirus led to the temporary shutdown of many activities in Wisconsin. As a student of macroeconomics you would predict: This would lead to a reduction in overall spending and an increase in the unemployment level. A leftward shift in the short-run aggregate supply curve since at every aggregate price level fewer goods and services were being provided. An increase in overall spending as people had more time to shop online and this, in turn, would lead to a decrease in employment particularly for businesses that were primarily online businesses. A rightward shift in the short-run aggregate supply curve since businesses were now willing to supply more of their product at every aggregate price level