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Look at the case study of the Japanese economy. Contrast the actual Real Gross Domestic Product...

Look at the case study of the Japanese economy. Contrast the actual Real Gross Domestic Product and inflation rates in 2018 with the  
estimate of potential RGDP and long-run equilibrium inflation. Create the estimate for the potential based on the average from the last 2014-2018. What kind of
gap is occurring in the short run? Do you think the aggregate demand and/or short run aggregate supply curves have shifted? Show all using a diagram of the AD-AS model.

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Rahul Sunny answered 9 months ago
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