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Background : Assume, corona virus pandemic has caused major disruption in global supply chain affecting the supply of critical inputs to production. This has affected
Background : Assume, corona virus pandemic has caused major disruption in global supply chain affecting the supply of critical inputs to production. This has affected the supply side of Singaporean economy on the large scale
Illustrate the impact of corona virus induced supply side disruption of the Singaporean economy using AD-AS model. Carefully explain highlighting any special feature of this situation. Assume, economy was initially in good shape, operating at its potential.
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