Part III short essay (10 points). (At most one page including diagrams and explanations)
1. The corona virus pandemic certainly has short run and long-term economic effects on global
aggregate demand and Aggregate supply. Use the AD/AS model to show these effects.

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.