html Due to the wide spread of the corona-virus, production and social activities came to a temporary halt. Statistics i

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Html Due To The Wide Spread Of The Corona Virus Production And Social Activities Came To A Temporary Halt Statistics I 1 (80.72 KiB) Viewed 34 times

html Due to the wide spread of the corona-virus, production and social activities came to a temporary halt. Statistics indicate that production fell by approximately 12.5% compared with the first quarter of last year. ADA 1. Please analyze with a diagram what gap the economy is in. If no Mhe Heat 2. Please discuss with diagram whether the economy can self correct if the government does not intervene. 3. Please discuss with diagram what fiscal policy can the government implement. 4. Please discuss with two diagrams (one for the money market, and the other one for the AS-AD) what monetary policy the central bank can implement. Please also list the three tools. N 5. After fiscal policy and monetary policy have been implemented, what will be the long run effect on pirce level and production. 6. Suppose SRAS also decreases, which caused price level to increase and production fell, what is this phenomenon called. Why does it pose a dilemma for the government.