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Describe how supply and demand have changed for the fitness center (gyms) during COVID-19.

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Mahe Alam
Mahe AlamLv10
30 Mar 2021
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Problem Scenario 
Covid-19 global economic pandemic has negatively affected economies as a whole at the global, 
national and regional levels. The novel effects of the fluidity of Covid-19 appears to continue to 
have negative impacts on the macro business model as the global recession seems to be inevitable. 
You are working as a macroeconomist in economic affairs in your local country, and you are tasked 
with analyzing the impact of Covid-19 on the economy and you are required to prepare notes on 
what specific government policies can be implemented as a stimulus package to jump-start the 
economy savings and investment market. The team meeting will be held in 3 days from the date 
of the assignment and because of limitation of time the Chief economist has given you the 
following guidelines: 
(a) You are required to identify four (4) key macroeconomic issues from the impact of Covid-19, 
(b) For each issue identified in (a) explain in detail what specific government policy/ies would you 
implement 
(c) For each government policy/ies identify in (b) what would be the rationale for your choice of 
policy 
(d) Your answer should be accompanied by relevant diagrams. 
[Total marks 60 marks.]

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