Virus last year had a horrible impact on the Economy of Thailand. Thai households(HH)had limited access tto most goods and services (consumables). Because of the virus, consumption expenditure went down drastically for every given level of HH real income & wealth. It was prospected that demand and production would reduce due to COVID which discouraged investment in Thailand. So, investment went down for each given rate of interest. While the previously mentioned changes happened, the function of net exports, the propensity to hold money, & price level stayed constant. Assume affects of Covid and all policy were seen as temp. by f irms and HH's, that IP condition held & both money & product markets in 2020 reached equilibrium. Also, in the rest of the worldthe conditions are given.

Q: If Thailand had no policy response to COVID, how would that impact and

1. what would have happened to the (D curve) AKA aggregatepreferred expenditure of the Thai economy that year and
2. why.