Based on the concepts/models in macroeconomics, What effect do you think the Covid-19 pandemic will have...

Based on the concepts/models in macroeconomics, What effect do you think the Covid-19 pandemic will have on the macroeconomy (Address these questions).

i What do you expect to happen to GDP, unemployment, and the price level over both the short and medium run?

iiWhat policy response (if any) would you recommend. Should we be concerned about the government budget deficit?

iii Some commentators are concerned that the Federal Reserve’s current monetary policy stance will lead to runaway inflation. Do you agree?

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Expert Solution

Rahul Sunny answered 1 year ago

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