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Using the Aggregate Demand and Aggregate Supply (AD-SRAS)framework,explain How a Large-Scale

Question 161

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Using the aggregate demand and aggregate supply (AD-SRAS)framework,explain how a large-scale natural disaster would be expected to impact the economy.Discuss how an economist who believes the economy is self-regulating would view the longer term impact of such a disaster,and whether they would advocate the need for government intervention.

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A large-scale natural disaster represent...

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