How does COVID-19 pandemic affect CO2 emissions? Use appropriate
model and diagram to explain it. (Hint: Positive externality)
In the short run, do you think the benefits of the cleaner
atmosphere is important?
Incorporating COVID-19 pandemic into the AS/AD model
Q. How can we think of the COVID-19 shock(s) in the AS/AD
framework?
Explain the intuition and show your arguments in a diagram