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Business, 24.06.2019 23:20 smithsa10630

Suppose the economy is currently in long run macroeconomic equilibrium, with actual gdp equal to potential gdp.(a) depict this situation using ad-as, being sure to label all curves and axes. suppose the economy then suffers a negative supply shock.(b) depict the effect this will have on aggregate demand, and the new short run equilibrium. (c) depict the effect this has in the keynesian cross diagram.(d) depict what will happen in the long run, in this economy.

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