Examples of problems in global supply chain

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As the global economy comes out of the COVID crisis, we are seeing many examples of problems in the global supply chain. In the AS-AD framework ....

1. This would keep LRAS from shifting to the right as output is necessarily lower than it would be otherwise.

2. This would have no effect on LRAS as long as it is a temporary situation that does not harm the production function..

3. This would actually cause LRAS to shift to the left because the production function cannot operate at full efficiency.

Reference no: EM133372951

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