Assume that the economy is operating at full employment (long-run equilibrium). Use our AD and AS...

Assume that the economy is operating at full employment (long-run equilibrium). Use our AD and AS analysis to answer the following questions.

Graphically show the current economic state with an AD curve, a (short-run) AS curve and a long-run AS curve. Compare current GDP and potential GDP.

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Rahul Sunny answered 1 week ago

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