Draw a dynamic aggregate demand and aggregate supply graph showing the economy moving from potential GDP in
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Draw a dynamic aggregate demand and aggregate supply graph showing the economy moving from potential GDP in 2019 to potential GDP in 2020, with no inflation. Your graph should contain the AD, SRAS, and LRAS curves for both 2019 and 2020 and should indicate the short-run macroeconomic equilibrium for each year and the directions in which the curves have shifted. Identify what must happen for the economy to experience growth during 2020 without inflation.
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