Number 3. Discuss the economic impact of the corona virus on the
U. S. economy. Explain the relief program by the federal government
and the roles of the city and state governments during the crisis.
Also, which critical sector of the economy proved most vulnerable
and why? Finally, what lessons were learned at home and
globally?
The Impact of the Corona Virus
(COVID - 19) on the World Economy:
(1) Can It Cause a Global Economic
Recession?
(2) How is COVID-19 Affecting the
Supply Chain and International Trade?
Use the AS/AD model to explain how the Corona Virus is
impacting the US Economy. In your answer, you should discuss the
differences between a supply shock and a demand shock.
Additionally, you should discuss how supply shocks can lead to
demand shocks. You should incorporate a graph of the AS/AD model in
your discussion and upload a picture of it.
Your answer should be approximately 250-300 words in
length.
Please discuss about Corona virus what and what is the impact of
this word on American culture? What about other cultures? Why is
the history of corona virus important for us to understand? What
can we gain from this knowledge? Has your research led you to
believe this word will grow into something else? What will it grow
into and why does that matter?