JobKeeper was designed to keep people employed and 'sustain' the economy through the enforced lockdown.Using the static AD/AS model explain.

2a Use the static AD-AS model to explain how the JobKeeper policy worked to sustain the economy (even though unemployment increased

2b Why does Kennedy expect a 'U' shaped recovery rather than a 'V' shapedrecovery? In your answer explain the difference between the two types of recoveries.Max 5 marks