Question: There is a common saying that there is nothing better for economic growth than a good war. Examine the potential impact of war on the
There is a common saying that "there is nothing better for economic growth than a good war." Examine the potential impact of war on the economy through the aggregate demand/supply model and aggregate expenditure model.
How would a war affect aggregate supply and aggregate demand? What is likely to happen to the real GDP and the price level?
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