Economics in the News April 15, 2020 First study the news article linked below. Recession or depression? Canada's economy is in for a rough spring 3 What is potential GDP? Potential GDP is the OA. level of real GDP attained when all firms are obducing at capacity B. same as nominal GDP OC. value of final goods and services evaluated at base-year prices OD. market value of all final goods and services produced in a country during a period of time 4 What happens to aggregate demand and short-run aggregate supply during the COVID-19 pandemic? Aggregate demand OA decreases, decreases 08 and short-run aggregate supply Price level LRAS Real GDP (billions of 2012 dollars) SRASO ADO