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In: Economics

1. The economic uncertainty created by COVID19 has in turn caused consumers to reduce their consumption....

1. The economic uncertainty created by COVID19 has in turn caused consumers to reduce their consumption. If there is no policy response, use the AD-SRAS-LRAS diagram to discuss short run and long run impacts on general price, real GDP and unemployment. Clearly label you graph write a short (concise) paragraph to accompany your graph

2. Discuss the possible government response to the adverse consumption shock caused by COVID-19. Use an AD-SRAS-LRAS diagram to support your discussion

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Rahul Sunny answered 1 year ago
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