Author(s)

Jiayi Wang

Corresponding Author

Jiayi Wang

ABSTRACT

To convey how can governments, firms, and individuals weather the crunch, apart from analysing the predisposing causes and side effects of redundancy, I also compared various groups of the employed in the aspects of relations with their employers, work categories, scales of operation of firms, academic backgrounds, and ages, then suggested which of them are more “dangerous” for losing jobs. Additionally, I took America as an instance to explore the feasibility of the different government monetary, fiscal, and supplyside policies. Measures in America are relatively common and comprehensive comparing with other developed and developing countries, thus they could be more advisable and explainable.

KEYWORDS

Unemployment, COVID-19, recession, aggregate demand/supply, policy, unemployment insurance benefit, federal reserve