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Graphically demonstrate the long run impact of expectation about recession by the business executives in near future using AS/AD diagram.

Assuming the economy is in long-run equilibrium, using an AS/AD digram, demonstrate graphically and elucidate the long-run impact on the price level and real output of an expectation by business executives of a recession in the near future.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M920552

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