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A vertical curve describes the while an upward sloping curve describes the LRAS; SRAS LRAS; AD O aggregate demand (AD); LRAS OAD: SRAS short-run

A vertical curve describes the while an upward sloping curve describes the LRAS; SRAS LRAS; AD O aggregate demand (AD); LRAS OAD: SRAS short-run aggregate demand (SRAS); long-run aggregate demand (LRAS)

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