Question: Using Aggregate Demand and Aggregate Supply analysis (including a graph), explain: (a)how a decrease in global demand for a good (which for Example Australia is

Using Aggregate Demand and Aggregate Supply analysis (including a graph), explain:

(a)how a decrease in global demand for a good (which for Example Australia is a large exporter of) could cause a recession in Australia, with output below its long-run equilibrium andhow the economy will move back to long-run equilibrium over time without government intervention

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