Question 2 62.379 Do not answer: of circ as been com athte (a) [3 marks] Output This fi The novel coronavirus outbreak is a global pandemic unlike any living person has witnessed before. (d) As of December 1st, there were roughly 70 million confirmed cases of COVID-19 across 218 countries. (c) 3 marks Real wage Even when this is over, there will be a lasting negative impact on the global economy. Among other stud dent things, the pandemic will be a large negative shock to the total factor productivity (TFP) of (b) [3 marks] Marginal product of labour Jillian with countries across the world. For this question, you will use the one-period model to predict the [3 marks] Consumption (e) [3 marks Leisure economic consequences of COVID-19. More specifically, use the model to predict how each variable will change, if at all, due to a decrease in TFP, and provide a brief discussion explaining each lilian with piled for student Whyte, Jillian with ID Do not copy This 623701 Do It This file has been compiled Jillian with ID 623791 1 hite Do not copy or circulate. This file has been compiled for student Whyte 623 Do not copy or circulate. file has been compiled for student Whyte a or circulate