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Part 1: Please read the following article: The Coronavirus (COVID-19) Pandemic and the Global Economy (A) by Cavallo and Godwin. Based on the article, how

Part 1: Please read the following article: The Coronavirus (COVID-19) Pandemic and the Global Economy (A) by Cavallo and Godwin.

Based on the article, how would you define aggregate demand and aggregate supply?

Explain how COVID-19 has affected aggregate demand and aggregate supply at a global level based on the assigned article.

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