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Draw an AS-SRAS-LRAS diagram that would show rising prices due to AD in excess of LRAS. Illustrate how shifts in the SRAS curve would eventually

  • Draw an AS-SRAS-LRAS diagram that would show rising prices due to AD in excess of LRAS. Illustrate how shifts in the SRAS curve would eventually restore output to LRAS without any further movement in AD.

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