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Aggregate demand and aggregate supply

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Reference no: EM133239501

Question

Draw a diagram of the American economy using the aggregate demand and aggregate supply (AD/AS) model before, and then after the supply chain disruptions due to the pandemic. Clearly show on your diagram(s) the before and after effects for the key macroeconomic variables and fully explain how they have been impacted. Is the actual experience in the US consistent with your diagram? Explain your answer.

Reference no: EM133239501

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