Draw a diagram of the US economy using the aggregate demand and supply model (AD/AS) before and after supply chain disruptions due to the pandemic. Clearly show in your diagram(s) the before and after effects of key macroeconomic variables and fully explain how they have been affected. Is the actual experience in the US consistent with your diagram? Explain

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Solution An effective tool for displaying the status of the US economy is the aggregate demand and a... View the full answer