22.2 Aggregate Demand and Aggregate Supply: The Long Run and the Short Run – Principles of Economics
22.2 Aggregate Demand and Aggregate Supply: The Long Run and the Short Run – Principles of Economics
increase in demand
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24.4: Aggregate Supply - Social Sci LibreTexts
Starting with the economy in long-run equilibrium, use the aggregate demand -- aggregate supply framework to illustrate what would happen to inflation and output in the short run if there were a
Short-run vs. Long-run Demand
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a. a short-run equilibrium but not a long-run equilibrium. b. a short-run equilibrium and long-run equilibrium. c. a long-run equilibrium but not a short-run equilibrium. d. neither a short-run equilibrium nor a
Exhibit 11: Long-Run Adjustment to a Decrease in Demand
