- Describe the current macroeconomic situation of that country, with particular reference to the ‘post-COVID’ period (from the beginning of 2022);
- Discuss the macroeconomic policies the national government of the country of your choice has used to deal with any significant problems that have occurred since the lifting of COVID-related lockdowns. In your discussion, explain why they have implemented these policies; andMarketing Research and Data Analysis
- What has been the impact of these policies on the private sector, particularly firms?
In approaching the essay, think about what you have learned in the course. For example, since one person’s spending is someone’s income, what effect has the lifting of COVID-based lockdowns had on overall economic activity? What were the flow-on effects on the unemployment rate, real GDP and the inflation rate?
You then need to think about the types of policies that both the national government and the central bank have implemented in response to the macroeconomic impact of lifting COVID-related restrictions. What sort of policies were they?
Finally, what have been the implications of these policies on the private sector, particularly regarding the relevant components of Aggregate Expenditure? You should be thinking like a manager of a firm when addressing this part of the question.
You are required to use graphs, figures and/or tables to show/summarise the current economic environment.
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