Question: using the map in the image, what are the potential macroeconomic effects on the British economy related to increasing prices of natural gas in the
using the map in the image, what are the potential macroeconomic effects on the British economy related to increasing prices of natural gas in the EU, due to restrictions of supplies from Russia.
Using relevant theories models, Explain and discuss the possible effects on the overall economy in the UK, based on changes in GDP and the related effect on overall employment if the price of natural gas remains at a higher level compared with the previous 5 years.
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