One of the uses of economic models is to predict what will
happen in different situations. The AS/AD model can be used to
predict what will happen to Real GDP and the Price Level
(inflation) given a scenario.
Provide a short description of a Zombie Apocalypse scenario.
1. Describe how it will affect one of the major economic
variables (consumption, investment, government expenditures,
imports and exports, capital, profits, labor force, banking,
money...)
2. Will the effect primarily change AS or...