Question
Use a business cycle theory of your choosing (Neoclassical, Post Keynesian, or Austrian) to explain the causes of the pandemic-induced recession. After explaining the causes
Use a business cycle theory of your choosing (Neoclassical, Post Keynesian, or Austrian) to explain the causes of the pandemic-induced recession. After explaining the causes of the recession from this school's perspective, please indicate whether members of that school of thought would likely support the steps the government has been taking to alleviate the recession.
Note: There is one school of thought that best explains the current situation, but partial credit will be given for accurately applying the business cycle theory that you selected, even if there was a better answer.
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