Climate changes and the Ukrainian-Russian war disrupt global output. Malaysia imports agricultural products from overseas. Assume that the economy is initially operate at its full employment. Based on above situation, explain the effects of this on the economy in the short run. Use AD-AS diagram in your illustration.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter22: Aggregate Demand And Aggregate Supply
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1. Climate changes and the Ukrainian-Russian war disrupt global output. Malaysia
imports agricultural products from overseas.
Assume that the economy is initially operate at its full employment. Based on above
situation, explain the effects of this on the economy in the short run. Use AD-AS
diagram in your illustration.
Transcribed Image Text:1. Climate changes and the Ukrainian-Russian war disrupt global output. Malaysia imports agricultural products from overseas. Assume that the economy is initially operate at its full employment. Based on above situation, explain the effects of this on the economy in the short run. Use AD-AS diagram in your illustration.
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