What will be the effect of COVID-19 pandemic on Saudi Arabia in
terms of their balance of payments, the credit market and interest
rates, and given the fact that their currency is pegged to the USD,
what will happen to their currency? How can the Kingdom finance
their fiscal deficit; by debt or raising taxes or etc?
The current pandemic caused by the COVID-19 has had a shock
effect on the demand and has negatively impacted the rate of
unemployment. That is, the aggregate demand has fallen as a cause
of the measures taken to face this global epidemic, and at the same
time, the rate of unemployment has risen.
Use Keynes’s D-Z model and the Income-Expenditure model to
explain what has hap- pened to the U.S. economy as a consequence of
the COVID-19.
Following the models...
1. A vaccine to COVID-19 is perhaps the best way to end the
pandemic. Please answer the following questions in a way that you
might explain it to an intelligent patient who is asking the
following questions.
a. What is a vaccine?
b. How will a vaccine help to prevent me from getting
COVID-19?
c. There are more than 90 vaccines being developed against
COVID-19. Three types of vaccines currently being investigated for
COVID-19 are a subunit vaccine OR a...