How is the covid pandemic causing a recession

Reference no: EM133339757

How the COVID19 is causing a recession? Watch this video from CNBC on April 8th, 2020:

answer following questions.

(a) How is the Covid pandemic causing a recession? Use the IS-LM framework to support your argument.

(b) Why is this recession caused by coronavirus different from other recessions?

(c) What kind of monetary policies are implemented to offset the recession? Use the IS-LM framework to show how do these policies can offset fall in output.

(d) What kind of fiscal policies are implemented to offset the recession? Use the IS- LM framework to show how do these policies can offset fall in output.

(e) How does the Covid pandemic affect aggregate supply?

Reference no: EM133339757

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