Clearly, the public response to Covid-19 and ensuing government policy moves have led to perhaps one of the greatest threats to economic growth in our lifetimes. For some background, I’d like you to read the attached article from the October 15, 2021 edition of The Wall Street Journal and address the following questions;
1. Is a growing economy necessary for economic prosperity? Why or why not?
2. How may Covid policies impact the key factors of production going forward?