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In this context, graphically WS/PS model to illustrate and explain what has happened to the US economy as it has recovered from the effects of
In this context, graphically WS/PS model to illustrate and explain what has happened to the US economy as it has recovered from the effects of COVID-19 until October 2023 where unemployment rate was 3.8%. In your diagram, begin the economy in April-June 2020 where pandemic containment policies cut global production which led to an unemployment rate of 14.8% at the peak. Also, assume there was an (on average) increase in productivity growth over 3.5-year period of inquiry. answers final
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