Consider THE SAME COUNTRY that you chose for Assignment 1. In one or two paragraphs do the following things:
1.Summarize the nation’s economic response to the shock of the CoVid-19 pandemic. Describe both the monetarypolicy and fiscal policy responses – i.e. what steps did the central bank take and what spending or tax measures did the government use?
2.Using what you have learned about macroeconomics in this course, explain the rationale for these policies and tell me whether you think they were (or will be) effective. In your opinion, was the type and scale of the economic response appropriate? Justify your response
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