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Use the following scenario: The economy is facing a pandemic. From the perspective of a global...

Use the following scenario: The economy is facing a pandemic. From the perspective of a global manager, what general policies and strategies would you choose for your company? Be sure to indicate the type of company/industry you will use to develop your perspective. The unemployment rate is increasing and real economic growth is expected to decline within the next two quarters. Would you adopt a Keynesian or Monetarist approach to formulating policy? What about a combination of the two? Present your analysis.

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Answer #1

Companies must look for strategic solutions to ramp ip production of product which are essential and necessary, divest into new markets, diversify into demanding products to cater amidst pandemics. Industries like FMCG and Consumer durables are most preferable.

Adopting Either keynesian or simply monetary policy is alone not enough and we need combination of both using expansionary fiscal policy by reducing taxes and inducing higher spending and automatic stabilizers and an expansionary monetary policy by cutting interest rates and buying government securities to boost liquidity in the market which increases consumption and aggregate demand and thus the real GDP. This brings unemployment levels down alot faster.

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