Business, 19.11.2019 00:31 makaylaspeaks4787

Suppose that initially, the economy is in long-run macroeconomic equilibrium at point a. if there is increased pessimism about the future of the economy, the ad curve will shift from ▼ ad 0 to ad 1ad0 to ad1 ad 1 to ad 0ad1 to ad0 . the new short-run macroeconomic equilibrium occurs at ▼ point a point b point c . long-run adjustment will shift the sras curve from ▼ sras 0 to sras 1sras0 to sras1 sras 1 to sras 0sras1 to sras0 as workers adjust to lower-than-expected prices. the new long-run macroeconomic equilibrium occurs at ▼ point a point b point c .

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Suppose that initially, the economy is in long-run macroeconomic equilibrium at point a. if there is...

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