(c) From 2021, disruption in supply chain and increasing oil price have brought about high ination and slower recovery of GDP growth rate from the
(c) From 2021, disruption in supply chain and increasing oil price have brought about high ination and slower recovery of GDP growth rate from the pandemic for many economies. The recent war in Ukraine and sanctions against Russia is likely to prolong this problem and worsen the situation. Using the AD-AS model you have learned in this course, explain the situation
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