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AD-AS Model: Equilibrium in the Short Run and Long Run
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AD-AS Model: Equilibrium in the Short Run and Long Run
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16. Aggregate Demand and Aggregate Supply Analysis / AD-AS Model: Equilibrium in the Short Run and Long Run / Problem 9
Problem 9
How would you determine the long run equilibrium if the economy is currently in a recession?
A
Identify the intersection of aggregate demand and long run aggregate supply only
B
Identify the intersection of aggregate demand and short run aggregate supply only
C
Identify the intersection of short run aggregate supply and long run aggregate supply only
D
Identify the intersection of aggregate demand, short run aggregate supply, and long run aggregate supply
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