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Running Head: CURBING THE ECONOMIC EFFECTS OF COVID-19
Curbing the Economic Effects of COVID-19:
Measures that the Federal Government can take
MEASURES THAT THE FEDERAL GOVERNMENT CAN TAKE
Curbing the Economic Effects of COVID-19
The Corona Virus Disease, COVID-19, has led to major economic changes that experts
believe might exceed the effects of the 2007-2008 economic depression. By early March, it had
caused economic progress estimated to exceed $1.1 billion (Anderson, Heesterbeek,
Klinkenberg, & Hollingsworth, 2020). In only a few days to two months after the World Health
Organization declared the disease global pandemic, governments have realized the impact the
disease has on the economy and have released relief funds and also cut taxes on companies and
employees. Moreover, the government called credit facilities to delay mortgages to reduce the
financial burden on citizens that have been requested to go into quarantine and isolation for those
who suspect that they have the disease. The federal government has been active as the pandemic
has hit the United States significantly, causing a total lockdown of major cities such as New
York among others (Oxford Analytic...
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