Explain the impact that the Russo-Ukrainian War has had on each of the four expenditure components of aggregate demand and on aggregate supply. Assess the consequences of this impact on the equilibrium level of real GDP and the price level, and on the unemployment rate in the economy.

Answer rating: 100% (QA)

1 1 The RussoUkrainian War has had a negative impact on consumer spending The war has led to a decrease in consumer confidence as well as a decrease i... View the full answer