The U.K. economy in 2016 was close to full employment. Use the AS-AD model to show the
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The U.K. economy in 2016 was close to full employment. Use the AS-AD model to show the effect on U.K. real GDP of the effects of Brexit described in the news clip.
Brexit means a bumpy road ahead for the U.K. economy. The decision by the U.K. people to leave the European Union has already brought a sharp fall in the value of the pound and is expected to lower business and household spending.
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