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Q2 - Modules L5 and L6 . Unemployment and the WS/PS model in a post-COVID-19 world COVID-19 pandemic had led to a fall in global

Q2 - Modules L5 and L6. Unemployment and the WS/PS model in a post-COVID-19 world

COVID-19 pandemic had led to a fall in global production resulting in people losing jobs and a rising unemployment in 2020. However, as shown in the articles below,the coronavirus pandemic also stimulated innovation and productivity for workers and businesses, e.g. see:

How Innovation Is Driving Productivity During And Beyond The COVID-19 Pandemic

Have we just stumbled on the biggest productivity increase of the century?

Based on the argument given above, use the WS/PS model to illustrate and explain in some detail what would happen to an economy's equilibrium unemployment in a post-COVID-19 world.

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