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Explain the effects of Covid-19 on private consumption since 2020. Show your own projection of private consumption toward 2022 and reasons for your projection (use the notion of consumption function)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Explain the effects of Covid-19 on private
consumption since 2020. Show your own
projection of private consumption toward 2022
and reasons for your projection (use the notion
of consumption function)

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