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Because of Coronavirus outbreak, Australian economy was influenced heavily. use the Aggregate Expenditure function to explain how the Coronavirus outbreak could affect Australian economy. GDP
Because of Coronavirus outbreak, Australian economy was influenced heavily. use the Aggregate Expenditure function to explain how the Coronavirus outbreak could affect Australian economy.
GDP = planned spending
= consumption + investment + government purchases + net exports (imports - exports).
could you please explain what will happen to component above ?
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