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COVID 19 has severely affected the world's economy.Briefly explain how each of the following concepts can explain the impact on the economy. Demand and Supply

COVID 19 has severely affected the world's economy.Briefly explain how each of the following concepts can explain the impact on the economy.

  1. Demand and Supply of goods and services
  2. Elasticity
  3. Gross domestic Product
  4. Business cycle
  5. Unemployment
  6. Anticipated Inflation
  7. Monetary Policy

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