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Assume the country is in both short run and long run equilibrium in our AD/AS model. For each of the following briefly explain how it
Assume the country is in both short run and long run equilibrium in our AD/AS model. For each of the following briefly explain how it would impact our AD/AS model. That is, WHAT SHIFTS, IN WHICH DIRECTION AND WHY, AND THE OVERALL IMPACT ON THE PRICE LEVEL AND OUTPUT. The government sends stimulus checks to all citizens earning less than some specified amount
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