Answer to Question #216425 in Macroeconomics for maze

Question

The functioning and stability of the SA Economy is crucial to the SA Government and all its citizens. How did the Covid19 Monetary Policy interventions made until the end of May 2021 which was intended to support the SA economy; benefit the SA Household? Be specific in your explanation and use appropriate examples.

Answer 1

Albeit COVID-19 cases and deaths in South Africa appear to be lower than in other sections of the world, the looming COVID-19 health shock may have severe consequences for continent's already stretched health systems, fast turning into an economic and social emergency. Aside from the health dangers, the COVID-19 pandemic has wreaked havoc on South Africa. However, COVID-19 monetary policy intervention such as online shopping helped to reduce transfer of infections within the country, as money is able to transfer the virus when the bacteria are pasted on it. This has prevented the costs that could be implicated on respective area, hence helping in maintaining the economy.