Answer to Question #220996 in Macroeconomics for Yaya

Question

As a policy consultant, use the AD-AS framework to explain how the health of the South African economy can be improved given your diagnosis

Answer 1

The negative supply shock associated with the COVID19 episode could prove to be unusual in that the productive capacity of the economy could recover more quickly, for instance, if a vaccine becomes available relatively soon or if businesses find creative ways to restore operations even in the presence of continued social distancing.

Improve the doctor- patient ratio.

Better medical education.

Increase in budgetary allocation

Technology like tele-medicine could increase the reach of public healthcare, and technology like EMR and big data analytics could provide vital insights to governments, policymakers, doctors and all stakeholders to improve public health and deal with epidemics and disease outbreaks

Technology like tele-medicine could increase the reach of public healthcare, and technology like EMR and big data analytics could provide vital insights to governments, policymakers, doctors and all stakeholders to improve public health and deal with epidemics and disease outbreaks