What do economic shutdown interventions accomplish? What are the costs and benefits? What is the optimal mix of shutdown interventions?

Question

Quizplus · Accepted Answer

The Answer is The primary objective of economic intervention is to reduce the possibility of close contact among potentially infectious individuals and those susceptible. The primary benefit is the long-run benefit of containing the virus. The short-term cost of economic shutdowns is the initial reduction of economic production as well as lost income for workers. The unintended long-term cost is the potential decline in worker productivity and a movement below the natural rate of output. The optimal level of shutdown depends on whether the measures are substantial in reducing the transmission rate with minimal costs.

What Do Economic Shutdown Interventions Accomplish? What Are the Costs