In this module, we discuss fiscal policy and how it can be implemented in a recessionary gap or inflationary gap. Recently, COVID-19 has resulted in many government officials issuing executive orders to shelter in place as a way to fight the surge in COVID-19 cases, except for those working in industries that provide essential needs. How might this impact the nation's productivity, and what can the government do in response?

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The shelterinplace orders issued by government officials in response to the COVID19 pandemic have ha... View the full answer