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{"ops":[{"insert":"Potential GDP is determined by the size of the labor force, the stock of capital and the state of technology used in the production process. Assume that the country faces a pandemic and there is a considerable decline in the size of the labor force, the stock of capital and the state of technology used in the production process.\u00a0\u00a0Use an AD\/AS diagram to illustrate potential GDP both before the pandemic and months after the start of the pandemic where the foregoing decline was observed and documented.\n"}]}
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