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(Solved): Explain how the inadequate aggregate demand has affected the output of Pakistan during lockdown peri ...
Explain how the inadequate aggregate demand has affected the
output of Pakistan during lockdown period
Dated: Subject) Explain the affect Period Mac Ro Economic inadequate aggregate demand has output of Pakistan during lockdown in the Explain detail
Expert Answer
Equilibrium occurs when aggregate demand is equal to output. Answer Due to coronavirus crises, lockdowns were implemented that caused all manufacturing units, factories, retail units, etc. to shut down. This resulted in an increase in unemployment in