How would the UK economy be affected by the Covid-19?
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Question

How would the UK economy be affected by the Covid-19?Micro perspective:     Scarcity and choice 

Guidance Note: Use the economic concept and theory you have learned from microeconomics and macroeconomics in order analyse the impact of the Brexit. There are some points that I list below which could help you analyse this question. You could use more than one point and not limit to these. The impact from different perspective could be discussed.

    Opportunity cost

    Factors affecting consumer spending

    Factors affecting firms. 

    Market theory 

Macro perspective: 

    Macro variables: Economic growth, inflation and unemployment 

    Should fiscal policy be used to stabilise the economy?

    Should monetary policy be used to stabilise the economy?

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Subject: Business, Economics
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