1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
umka21 [38]
3 years ago
7

The spread of the coronavirus in the U.S. has had negative effects on the U.S. economy. GDP growth rate went negative (-5.8%) in

the first quarter of 2020 and unemployment rate spiked to 14.7% in April. Use the aggregate demand and aggregate supply model from chapter 10 to explain this short run downturn? Make sure to indicate the shifts in the curves.

Business
1 answer:
Oksi-84 [34.3K]3 years ago
3 0

Answer:

The Coronavirus pandemic took the world by surprise and most people were not ready for the far reaching quarantine measures that were put in place. These measures along with the general fear of the disease meant that Consumers were demanding less of goods and services which had the effect of shifting the Short Run Demand curve to the left.

The world also saw travel restrictions put in place which were a serious blow to international commerce because suppliers found it hard to source goods. This reduced the supply of goods and services which also meant that the Short Run Aggregate Supply Curve shifted to the left as well.

The New Equilibrium led to a way lower output at Y¹ which is shows why GDP growth fell into negative.

As a result of decreased output and quarantine measures, companies could not afford to keep their employees and had to let go of a lot of them. This is why the Unemployment rate went up as well.

You might be interested in
The local Kennel Club is a not-for-profit organization with gross receipts of $23,500 for the current tax year. Under the Intern
allsm [11]

Answer:

A) Form 990-N.

Explanation:

Form 990-N is used by not-for-profit organizations with annual gross receipts under $50,000, and it must be filed electronically.

Most small not-for-profit organizations can use the Form 990-N, except:

  • organizations with gross receipts of over $50,000
  • churches and their associated supporting organizations
  • private foundations
  • political organizations
  • tuition programs
  • government instrumentalities
  • group legal service plans
  • and other specific organizations

8 0
3 years ago
All things being equal, which will move more easily; a newly polished car or a car that has never been polished
mestny [16]

The newly polished one as there will be less resistance and will travel faster across it

8 0
3 years ago
What are the benefits of mechanical dissection?
Romashka [77]

1. Memorable
Dissection is an interesting approach to take when teaching science. For one, it creates a long-lasting impression on the students’ minds. Most people can remember what they did in the lab yesterday easily than some theory they have just gone through. So it is easy to recall an activity that you have engaged in that is why dissecting in equally important as the theory aspect of the lesson.

2. Proper understanding
Another obvious reason why dissection is important is because it is a hands-on activity which provides a chance for students to carry out investigations aside from what they learn in class. They are able to test how truthful their theory is while comparing it to what they see while carrying out the dissection.

3. Tactile experience
There are rules on how dissection is carried out and these are among the many things that students are taught about before they begin any dissections. There are also certain tools which are needed for dissection and which tools differ from one creature to another. Armed with this information and proper guidance and practice, students are able to acquire proper dissection skills which will no doubt be useful in higher level science lab classes
5 0
3 years ago
Suppose an individual makes an initial investment of $2,000 in an account that earns 8.4%, compounded monthly, and makes additio
Akimi4 [234]
Please answer please please thank you so
5 0
3 years ago
Suppose a report on CNN says that there is an impending recession coming in the United States. As a result, Bert's family, as we
lisov135 [29]

Answer:

b) The economy is actually harmed as there is a sharp decease in consumer spending.

Explanation:

As a result of the news of a recession people will react by planning for a future that may be bleek financially.

Savings will increase, the greater the fear of recession the more people will save to cushion the impact of recession. There is the possibility of job slow down in economic activities and resultant job losses so extra cash that would have normally been spent will be saved for the rainy day

3 0
3 years ago
Other questions:
  • e competitive equilibrium rent in the city of Lowell is currently​ $1,000 per month. The government decides to enact rent contro
    9·1 answer
  • Analog computers needs to borrow $475,000 from the midland bank. the bank requires a 15% compensating balance. how much money wi
    11·1 answer
  • Students who are trying to raise funds have an agreement with a local pizza chain. The chain has agreed to sell them pizzas at a
    11·1 answer
  • 13. Describe at least three other investments you want to make with your income either now or someday in the future. Explain why
    12·2 answers
  • Tobin inherited 100 acres of land on the death of his father in 2019. A Federal estate tax return was filed and the land was val
    7·1 answer
  • An economy is operating with output $400 billion above its natural level, and fiscal policymakers want to close this expansionar
    9·1 answer
  • Hamlet sends two letters announcing his return to england, one to horatio and one to claudius. why might shakespeare have chosen
    13·1 answer
  • When Building a Pallet to be shipped over the road, How Should The cases Be Placed On The Pallet?
    10·2 answers
  • Long-term disability insurance _____. a. pays for temporary living expenses and moving expenses incurred by disabled employees b
    14·1 answer
  • WILL GIVE BRANEST PLZ ANSWER FAST
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!