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Using the aggregate demand and aggregate supply model, show and explain what shifts in AD and...

Using the aggregate demand and aggregate supply model, show and explain what shifts in AD and AS resulted in the changes in prices and output that occurred during World War II in the U.S.

The oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo. The embargo was targeted at nations perceived as supporting Israel during the Yom Kippur War. Using AD-AS graphs, show and explain the effect of the embargo on the US economy.

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