2. COVID-19 shock
a. Discuss the impact of COVID-19 shock on each component of
output (recall the income-expenditure identity Y = C + I + G + NX).
b. Discuss the impact on the Canadian labour market,
specifically employment number and unemployment rate.
c. There are many examples of asymmetric impacts of the virus.
Discuss the impact of the quarantine on different types of
consumption: durables, semi-durables, and non-durables. Discuss the
impact on the services sector versus manufacturing sector.
d....