What economic effects do travel bans have on the United States economy? Explain.

Week 2 Current Economic Events PaperINSTRUCTIONS: You are to write a paper in accordance with APA standards and cite a minimum of one (1) scholarly peer reviewed journal source and one (1) entire scripture verse.Your paper submission should follow the below stated composition and formatting guidelines; and be composed unto a “Word Document.”Title page with a “Running head:” page number (top right), your name, course, date, and an appropriate title.Use double space, Times New Roman, and 12pt font.Support your position.When all is done, give a brief conclusion.Upon citing works, add a separate reference page.These APA additions are not a part of the word count that should be less than 300 words. A paper exceeding 300 words will result in a grade reduction.Submit your assignment by clicking the title link. Simply click on the link, then type in your comments to the instructor if you have any, click on Browse and attach the Word Document with your assignment from your hard drive. Make sure to click Submit to send your assignment to your instructor. To make sure that the instructor received your assignment, go into My Grades section, you should see “!” sign across the assignments you submitted. As soon as the instructor grades your assignment, the “!” sign will be replaced with your grade.Review theEssay/Paper Grading Rubricfound underCourse Resources/Grading Rubricsfolder that will be used to grade this assignment.DELIVERABLES:Respond to the following question(s):President Trump on March 11, 2020 Wednesday; announced in a televised address that the U.S. is suspending all travel from Europe to the U.S. for 30 days beginning Friday at midnight in an effort to slow the spread of coronavirus.The president struck a serious tone during his address from the Oval Office and said, “We made a lifesaving move with early action on China. Now we must take the same action with Europe.”What economic effects do travel bans have on the United States economy? Explain.Moreover, what economic effects does the spread of coronavirus have on the United States economy? Explain.List and explain the economic measures President Trump and Congress have initiated since the President’s speech of March 11, 2020.List and explain the intended economic effect of each of these measures.Are these economic measures working as intended?What will be the State of U.S. economy at the end of this year, 2020?