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these questions are related to covid 19 pandemic and explain them. to inflation. (5 marks) 4. Also, make sure to explain how the pandemic will

these questions are related to covid 19 pandemic and explain them.

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to inflation. (5 marks) 4. Also, make sure to explain how the pandemic will have an effect on unemployment. (3 marks) 5. Based on our discussions in class, how do you think this pandemic will also have an effect on the nominal exchange rates? (2 mark) 6. Explain the results that can be predicted from Classical Economists' view with respect to this economic shock assuming the shock affects only aggregate demand (make sure to explain what will happen to both real and nominal variable) (6 marks) 7. Explain the results that can be predicted from Kaynesian Economists' view with respect to this economic shock. Assuming the shock affects both the AD and SRAS but not the LRAS, explain DF the short run equilibrium, and how the economy will transition back to its long run equilibrium Exam c using the Supply-Side Adjustment Mechanism. (6 marks)

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