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1.In the figure above, an equilibrium output greater than Ynis attainable in the -run. a.always; long b.only; short c.only; long Inflation Rate, T LRAS

1.In the figure above, an equilibrium output greater than Ynis ________ attainable in the ________-run.

a.always; long

b.only; short

c.only; long

Inflation Rate, T LRAS Step 2. increasing inflation and decreasing output. AS, 2 AD Step 1. A temporary negative supply shock shifts AS upward . .. Aggregate Output, Y

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