Answer to Question #231480 in Macroeconomics for Yoza

Question

Covid 19 has caused an economic shock around the globe. Most important economic indicators are widely affected by the shock..

Effects of covid 19 on employment output, inflation

Policy recommendations on the effects of covid 19 on unemployment output and inflation

Answer 1

Effects of covid 19 on employment output, inflation

Covid-19 pandemic has adversely affected many businesses jeopardizing the overall output of the country. On this note, many people have been rendered jobless as new health protocols are considered to curb the spread of the virus. Due to the minimized output as many workers remain at home, inflation has increased due to the scarcity of commodities.

Policy recommendations on the effects of covid 19 on unemployment output and inflation

The recommendation on how a country can do to increase its output is to open up their economic operations and allow people to conduct their businesses as usual as they observe covid-19 regulations such as social distancing, handwashing, sanitizing, among others. Above all, the vaccination must be given a top priority to all citizens to protect them against the virus, enabling them to go back to normal production activities in the country