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Did the Covid-19 recession shift the aggregate demand (AD) curve? If so, how? Did the Covid-19 recession shift the aggregate supply (AS) curve?If so, how?

Did the Covid-19 recession shift the aggregate demand (AD) curve? If so, how?

Did the Covid-19 recession shift the aggregate supply (AS) curve?If so, how?

Explain your answers. Start by analyzing 2020: Q1, the first quarter in which the COVID-19 pandemic affected U.S. economic activity.

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