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Briefly use the following concepts to describe the impact of the COVID 19 pandemic on: a.Aggregate demand and aggregate supply of goods and services b.the

Briefly use the following concepts to describe the impact of the COVID 19 pandemic on:

a.Aggregate demand and aggregate supply of goods and services

b.the impact of the COVID 19 pandemic on Price elasticity of demand for essential products such as pastas

c.Market failure

d.Gross domestic product

e.Durable and non-durable industries

f.Labour force participation rate

g.Federal budget

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