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Q.3 The COVID -19 pandemic has triggered an unprecedented set of measures by countries to Contain its spread and reduce the loss of human life

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Q.3 The COVID -19 pandemic has triggered an unprecedented set of measures by countries to Contain its spread and reduce the loss of human life . Government lockdowns , social distancing and other related restrictions to Contain the spread of COVID -19 pose important challenges to all markets . What is impact of government lockdown and other restrictions on labour market , full employment and real gross domestic product in Pakistan ? Explain with appropriate diagrams. (Hint: aggregate production function, aggregate labour market). Marks : 3

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