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QUESTION 1 In general, the war will give the impact to the economy. By using the aggregate demand and aggregate supply and other related theories

QUESTION 1

In general, the war will give the impact to the economy. By using the aggregate demand and aggregate supply and other related theories economics, do explain the following questions:

a- Is war good or bad for the economy?

b- What is the impact on the output and price level?

c- What is the impact on the aggregate demand?

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