Question 1

Economists believe that containing the pandemic is essential to the expansion of the economy. However, they acknowledged that this condition alone would not be enough to ensure a robust economic recovery. They believed that reducing the number of people who died should be the primary focus of any effective response. The key to a successful response to the pandemic is to keep the death rate low and the infection rate low. People will be reluctant to leave their houses and engage in economic activity, according to what they wrote. "As a result of this, there will be a significant slowdown and increase in unemployment," they said.

Question 2

The coronavirus pandemic has had a significant impact on the global economy, with growth forecasts for 2020 and 2021 being revised downwards. In the short term, businesses have closed and people have been asked to stay at home, leading to a decrease in demand for goods and services.

Explanation:

Question 1

• Economists have long held the belief that containing the pandemic is essential to the expansion of the economy. In a paper that was published in June, three economists from the University of Chicago argued that "a successful response to the pandemic is a necessary but not sufficient condition for a strong economic recovery." However, they acknowledged that this condition alone would not be enough to ensure a robust economic recovery.
• Lars Hansen, who was awarded the Nobel Peace Prize, Robert Lucas, and John Cochrane were the authors of the study that was published under the title "Pandemic, Policy, and the Stock Market." Economists believed that reducing the number of people who died as a result of the pandemic should be the primary focus of any effective response to the epidemic.
• They claimed that if the death rate was high, people would be unwilling to leave their houses and participate in economic activity. "As a result of this, there will be a significant slowdown in economic activity as well as an increase in unemployment." The economists also suggested that the key to an effective response to the pandemic is to keep the infection rate low. "If the infection rate is high, people will be reluctant to leave their houses and engage in economic activity," they said. "If the infection rate is high, people will be reluctant to leave their homes." "This will lead to a dramatic decrease in economic activity and an increase in unemployment."
• Economists stated that the key to a successful response to the epidemic is to reduce the death rate and infection rate as low as possible simultaneously. People will be reluctant to leave their houses and engage in economic activity, according to what they wrote. "If the death rate is high and the infection rate is low, people will be reluctant to leave their homes." "This will lead to a dramatic decrease in economic activity and an increase in unemployment." The economists stated that the key to a successful response to the pandemic is to keep the death rate low and the infection rate low.
• "If the death rate is low and the infection rate is high, people will be reluctant to leave their houses and engage in economic activity," they wrote. "This will lead to a dramatic decrease in economic activity and an increase in unemployment." Economists stated that the key to a successful response to the epidemic is to reduce the death rate and infection rate as low as possible simultaneously.
• "If the death rate is high and the infection rate is high, people will be unwilling to leave their houses and engage in economic activity," they wrote. "As a result of this, there will be a significant slowdown in economic activity as well as an increase in unemployment." The economists claimed that the key to a successful response to the pandemic is to keep the death rate low, the infection rate low, and to enact policies that will encourage people to leave their houses and engage in economic activity. "If the death rate is low, the infection rate is low, and policies are in place that encourage people to leave their homes and engage in economic activity, the economy will grow," they wrote. "This will lead to better salaries and lower unemployment."

Question 2

• The coronavirus pandemic has had a significant impact on the global economy, with growth forecasts for 2020 and 2021 being revised downwards in the wake of the outbreak. In the short term, the pandemic has caused a significant decrease in economic activity as businesses have been forced to close and people have been asked to stay at home. This has led to a decrease in demand for goods and services, and a decrease in investment and consumption.
• In the longer term, the pandemic is likely to have a more mixed impact on the economy. On the one hand, it is expected to lead to a decrease in productivity as businesses adapt to the new normal of social distancing and remote working. On the other hand, it is also expected to lead to an increase in spending on health care and other pandemic-related products and services.
• The overall impact of the pandemic on the economy will depend on a number of factors, including the length of the outbreak, the effectiveness of government interventions, and the response of the private sector. In the short term, the coronavirus pandemic has caused a significant decrease in economic activity.
• Businesses have been forced to close their doors and people have been asked to stay at home in order to slow the spread of the virus. This has led to a decrease in demand for goods and services, and a decrease in investment and consumption. The decrease in economic activity has had a knock-on effect on a number of industries, including retail, hospitality, tourism, and transportation. In the longer term, the pandemic is expected to have a more mixed impact on the economy.
• On the one hand, it is expected to lead to a decrease in productivity as businesses adapt to the new normal of social distancing and remote working. On the other hand, it is also expected to lead to an increase in spending on health care and other pandemic-related products and services. The overall impact of the pandemic on the economy will depend on a number of factors, including the length of the outbreak, the effectiveness of government interventions, and the response of the private sector.

Reference

Bhadra, A., Mukherjee, A., & Sarkar, K. (2021). Impact of population density on Covid-19 infected and mortality rate in India.Modeling earth systems and environment,7(1), 623-629.

Rocha, R., Atun, R., Massuda, A., Rache, B., Spinola, P., Nunes, L., ... & Castro, M. C. (2021). Effect of socioeconomic inequalities and vulnerabilities on health-system preparedness and response to COVID-19 in Brazil: a comprehensive analysis.The Lancet Global Health,9(6), e782-e792.

Hamidi, S., Sabouri, S., & Ewing, R. (2020). Does density aggravate the COVID-19 pandemic? Early findings and lessons for planners.Journal of the American Planning Association,86(4), 495-509.

Based on this,

The two states you will consider are Pennsylvania and Ohio.

This involves two elements.

1. Discuss in general the things that might affect infection rates in addition to state restrictive/non-restrictive policies among states. Outside sources with citation needed.

2. Consider your Element 1 discussion. Describe the steps you might take to satisfy the "all else constant" requirements of your analysis for Pennsylvania and Ohio. These include things that might be similar in the two states and therefore are constant. These need to be listed with reference to the sources you use. In addition, list factors that you have to ASSUME are constant, that you will need caveats for in your analysis.

sections with subheadings. proper citation methodology is needed