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,
PAGE1-Which particular components of the GDP were affected? By How much? What were these numbers before the pandemic, and what are they today?
PAGE2- 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?
PAGE3- 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?
PAGE4- Define Fiscal Policy and discuss in details the tools used to stimulate the economy.
PAGE5- 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.