In this discussion, I would like for you to briefly propose an essay topic of interest....

In this discussion, I would like for you to briefly propose an essay topic of interest.

Provide with a background regarding what you have chosen as your current event, and how you plan to incorporate some of the macroeconomic concepts. This is a good place to develop a thesis statement.

FULL CREDIT POST includes:

Strong 3-5 sentences
- Current event
- Provide a news media link if it helps support your argument
Clearly state the economic concepts you are going to incorporate in your paper.

Solutions

Expert Solution

The topic for discussion is Impact of Coronavirus on world economy- A bigger recession

The world is currently fighting the battle with Corona virus and struggling on each front. While most of the countries are on lockdown, world demand has dropped, affecting the supply as well, somehow leading us all to lower equiliibrium with extremely high prices. Poverty is increasing and health epidemic has spread. While both demand and supply side factors are hit and human productivity has fallen, over growth would be affected.

Following are some links that might help:

https://economictimes.indiatimes.com/news/international/business/global-economy-could-shrink-by-almost-1-in-2020-due-to-covid-19-pandemic-united-nations/articleshow/74943235.cms

People are demanding lesser money, interest rates have fallen all throughout and stock market has crashed. This is all coming out of the conclusins from IS-LM model and AD-AS models.

Rahul Sunny answered 1 month ago

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