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SOLVED: Using the AD-AS model, demonstrate the implications for the economy if a global recession does emerge at the end of 2023/early 2024. Illustrate and briefly discuss three scenarios using the three alternate AS curves (as per module 3). Remember to:1. Clearly identify your equilibrium positions.2. Explain the logic/reasoning/assumptions that underlie each AS curve.3. Justify why you have shifted the curve you have shifted to demonstrate the impact of a global recession on Australia.4. Desc
SOLVED: Using the AD-AS model, demonstrate the implications for t…
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