The Coronavirus impacted the U. S. economy and the World economy in a profound way not seen before. The purpose of this paper is to discuss the economic impact within the economic parameters covered in this class. You are to answer the following 5 questions in an APA style format paper as it pertains to the U.S economy.
Each question must be discussed in detail in not less than one doubled-spaced page for each question, plus the cover page and the work cited page. That makes it a minimum of 7 pages, Times-Roman font size 12. If you are not familiar with APA style. You can’t plagiarize from the internet. I have Turnitin (a software to detect plagiarism) turned on and it will detect all copying/ pasting from the internet. You will receive a zero credit if you are caught plagiarizing. The paper is worth 50 points.
The questions are:
- Which particular components of the GDP were affected? By How much? What were these numbers before the pandemic, and what are they today?
- How did the pandemic affect unemployment? Do you have faith these numbers are true? What sectors of the economy were mostly hit hard in terms of unemployment? Why?
- The pandemic has positive effects on some industries (Information technology/ Zoom, for example). Discuss in detail why, give examples, and what particular components of the GDP were positively impacted, and what do you think the long-term projections for these industries?
- Define Fiscal Policy and discuss in details the tools used to stimulate the economy.
- Define Monetary Policy and discuss in details the tools used to being the economy back to life and elaborate on the long-term effects of such policies on the economy.
YOUR PAPER MUST BE IN A WORD DOC OR PDF FORMAT. NO OTHER FORMAT WILL BE ACCEPTED.
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