The Coronavirus Episode

1. Discuss the uk’s use of demand management policy in stabilising the economy during the coronavirus episode.2. Use the 3-equation model diagrams to analyse how the economy can fall into a deflation trap and how the central bank/government can intervene to escape the trap.3. Making reference to historical precedent, propose and defend a combination of monetary, fiscal and supply-side policies that could speed up the exit of the British economy from the ongoing coronavirus recession and move it back to a long-term growth path.follow the structure expected (I’ve uploaded a guideline to help)