Question
Do you consider the impact of the COVID 19 situation on the economy to be a demand shock or a supply shock. Using the DAD-DAS
- Do you consider the impact of the COVID 19 situation on the economy to be a demand
shock or a supply shock. Using the DAD-DAS model explain how the economy may
adjust towards long-run equilibrium from such a shock. Use appropriate graph(s).
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
