The Coronavirus impacted the U. S. economy and the World economy

The Coronavirus impacted the U. S. economy and the World economy in a profound way not seen before. The purpose of this paper is to discuss the economic impact within the economic parameters covered in this class. You are to answer the following 5 questions in an APA style format paper as it pertains to the U.S economy. Each question must be discussed in detail in not less than one doubled-spaced page for each question, plus the cover page and the work cited page. That makes it a minimum of 7 pages, Times-Roman font size 12. If you are not familiar with APA style, I posted a link under Pages to show you how. You can’t plagiarize from the internet. I have Turnitin (a software to detect plagiarism) turned on and it will detect all copying/ pasting from the internet. You will receive a zero credit if you are caught plagiarizing. The paper is worth 50 points.
The questions are:
Which particular components of the GDP were affected? By How much? What were these numbers before the pandemic, and what are they today?
How did the pandemic affect unemployment? Do you have faith these numbers are true? What sectors of the economy were mostly hit hard in terms of unemployment? Why?
The pandemic has positive effects on some industries (Information technology/ Zoom, for example). Discuss in detail why, give examples, and what particular components of the GDP were positively impacted, and what do you think the long-term projections for these industries?
Define Fiscal Policy and discuss in details the tools used to stimulate the economy.
Define Monetary Policy and discuss in details the tools used to being the economy back to life and elaborate on the long-term effects of such policies on the economy.

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