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Aggregate Demand: Formula, Components, and Limitations
Jan 1, 2009
investopedia.com
5:32
The Aggregate Demand-Aggregate Supply Model | Macroeconomics
Jul 2, 2018
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Study.com
Draw a basic aggregate demand and aggregate supply graph (with LRAS constant) that shows the economy in long-run equilibrium. a. Assume that there is a large increase in demand for U.S. exports. Show the resulting short-run equilibrium on your graph. In this short-un equilibrium, is the unemployment rate likely to be higher or lower than it was before the increase in exports? Briefly explain. Explain how the economy adjusts back to long-run equilibrium. When the economy has adjusted back to long
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