Question
The COVID-19 pandemic in Bangladesh is part of theworldwide pandemicofcoronavirus disease 2019(COVID-19) caused bysevere acute respiratory syndrome coronavirus2(SARS-CoV-2). The virus was confirmed to have spread
TheCOVID-19 pandemic in Bangladeshis part of theworldwide pandemicofcoronavirus disease 2019(COVID-19) caused bysevere acute respiratory syndrome coronavirus2(SARS-CoV-2). The virus was confirmed to have spread toBangladeshin March 2020. The first three known cases were reported on 8 March 2020 by the country's epidemiology institute,IEDCR. Since then, the pandemic has spread day by day over the whole nation and the number of affected people has been increasing. Bangladesh is the second most affected country inSouth Asia, afterIndia. Considering the recent situation -
a.Do you think pandemic has an inverse impact on GDP growth rate, CPI (inflation), unemployment? Explain considering Bangladesh Context and use relevant data with reference.
b. What would a Keynesian and classical likely recommend in response to a recessionary situation? When do you think the Keynesian policy is more effective in minor recession or severe recession?
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