behavioral aspects of covid 19 micro econ

There are many elements from behavioral economics that apply to the current economic situation. These may influence the trajectory of economic recovery. For example there is evidence that many people are voluntarily not working due to fears of infecting themselves or families.

This is an essay assignment—1 or 2 pages.

1. Identify behavioral aspects that are important to the current situation.
2. How might they affect the timing and durability of plans for recovery.
3. What policies should be considered to mitigate any negative implications.

Focus on microeconomics—how your identified behavioral aspects might affect firms and people whose actions will then influence recovery. You may wish to do a bit of research.