Please read the following article about three different types of “economic shocks” created by the COVID-19 pandemic across the world, and study the circular flow of income diagram presented in the article:
https://voxeu.org/article/how-should-we-think-about-containing-covid-19-economic-crisis
Select one of type of economic shock raised in the article, for instance, the impact on consumers or businesses, and discuss what are some of the main economic policies that the government can try to implement to address this economic shock.
Note, while there are no right or wrong answers, I would like to encourage you to think about the implications of these economic shocks.
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