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How does the coronavirus affect the aggregate demand curve and the equilibrium? Explain in terms of...

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Economics

  1. How does the coronavirus affect the aggregate demandcurve and the equilibrium? Explain in terms of output productionand unemployment?
  1. What is Fiscal Policy? Identify one item in the $2Trillion Stimulus Package. How will this affect the aggregatedemand curve?

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Ans Suppose initially the economy is in long run equilibriumwith output Y price level P and unemployment at natural rate Thiscoronavirus will lead to decline in consumption spending    See Answer
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