summarize the major points of this text 1, SWITZERLAND HIGH COST OF LIVING IN THE PANDEMIC: The cost of living in Switzerland is notoriously high due to Switzerland economic stability and excellent healthcare system however due to the pandemic Switzerland is experiencing economic depression and the high cost of living in Switzerland affects the citizens of Switzerland in which many lost jobs , have lost sources of income, prices of essential goods increased and cannot cope with the high living standards in the country. POSSIBLE APPROACH: This problem can be solved by the central bank of Switzerland and the government. Both, the central bank and the government need to execute expansionary monetary policy and expansionary fiscal policy respectively. Expansionary monetary and fiscal policy will boost the aggregate demand in the country and will impact unemployment rates as well. When aggregate demand will rise, unemployment rates will decrease and people will.be able to get work.
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1, SWITZERLAND HIGH COST OF LIVING IN THE PANDEMIC:
The cost of living in Switzerland is notoriously high due to Switzerland economic stability and excellent healthcare system however due to the pandemic Switzerland is experiencing economic depression and the high cost of living in Switzerland affects the citizens of Switzerland in which many lost jobs , have lost sources of income, prices of essential goods increased and cannot cope with the high living standards in the country.
POSSIBLE APPROACH:
This problem can be solved by the central bank of Switzerland and the government. Both, the central bank and the government need to execute expansionary
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