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Covid-19 Economic Impacts – the student will be expected to talk about the impacts of the coronavirus on the United States and the world economies
Covid-19 Economic Impacts – the student will be expected to talk about the impacts of the coronavirus on the United States and the world economies. Questions that should be answered include the following:
Are we entering a period of a “new normal?” Why do you/don't you feel this way. If yes, what will it look like both from an economic and a societal perspective? f. The federal government poured billions of dollars into the economy including direct payment of stimulus checks, PPP loans to small businesses, and payments to a variety of others including States, medical providers, and schools. What are the impacts from a macroeconomic perspective? Did they make sense? Were they enough, and do these policies have any risks?
Expert Solution
E.
The covid-19 pandemic situations impacted millions of people across globe. It impacted in a multidimensional way where by our social relations ate restricted. The prolonged lock down resulted in the social isolation. The nature and pattern of life changed. The employment opportunities gets reduced and everyone is depending too much on online platforms either in educational field or in employment sector.
The entire life style changed. The social interaction are limited.
The post Covid-19 impacted the world economy and the prolonged lock down results a recessionary state. The fall in employment especially low cadre, will results downtrodden people in the society.
The Countries in the initial stage of covid set up restriction for international and internal movements of peoples. Now the world is living with covid and making every possibility of recovery.
F.
U.S introduced several policies and programmes for the recovery from Covid -19. The direct fund transfer to stimulate production and employment in the economy. The government introduced several steps for the improvement of medical and educational sector.The direct funding mechanism aimed to enhance the production and employment in the economy .The experts are of the opinion that the citizen should be more better off if they get additional direct fund.
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