There are 2 tasks to complete on this topic, both worth 50 marks each. Task 1: i) Discuss the UKs use of demand management policy in stabilising the economy during the coronavirus episode.ii) Use the 3-equation model diagrams to analyse how the economy can fall into a deflation trap and how the central bank/government can intervene to escape the trap.Task 2: Making reference to historical precedent, propose and defend a combination of monetary, fiscal and supply-side policies that could speed up the exit of the British economy from the ongoing coronavirus recession and move it back to a long-term growth path. I will enclose the coursework brief and coursework guide in the files attached. This will include the tasks, what the assessment requires, and how to attempt the coursework.
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