Right now many economies in the world are experiencing a downturn due to the Corona Virus.

a) What kind of fiscal policy can governments use to address the decline?

b) What actions will be taken by the government in implementing the fiscal policy that you described in part a?

c) What will be the effect on Aggregate Demand (if any) as a result of the actions taken in part b?

d) What will be the effect on Aggregate Supply (if any) as a result of the actions taken in part b?