A if the long run aggregated supply is drawn at an economys, Ask an Expert

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a. if the long run aggregated supply is drawn at an economy's natural rate of unemployment, how can any points on the short run aggregated supply lies to the right of long run aggregated supply?

b. supposed short-run equilibrium lies to the right of long run aggregated supply. is this level of output sustainable over the long run? why or why not? what is the adjustment process that would occur in the economy to bring the economy to the long-run equilibrium level of output?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91848261

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