QUESTION:

The COVID-19 pandemic triggered the deepest economic recession, driven by a sharp fall in economic activity as countries around the world implemented mobility restrictions. Indonesia's economy contracted by 2.1 percent in 2020, which was the deepest contraction in two decades. Referring to the business cycle, does this condition illustrate a switch from expansion to contraction or the other way around? Please list down at least three policy measures that were introduced by the Government of Indonesia in 2020 to counterbalance the business cycle.