Covid-19 brings a big shock to the world in the beginning of 2020. The shock makes a lot of cities be lockdown couple months and leads to serious economic problems. Based on this background, most of governments in the world take policies to rescue the economic conditions of their countries. Hint: Please answer the following questions by IS-LM-BP model.

(1) Can you discuss how the shock affects the national income in the U.S., China, and Cambodia?

(2) What policies do those countries take? What results do those policies lead to?

Answer rating: 100% (QA)

To discuss how the shock of the COVID19 pandemic affects national income in the US China and Cambodia using the ISLMBP model we need to consider the i... View the full answer