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(ii) With the aid of a diagram, explain the process in the AD-AS model by which the economy achieves long-run equilibrium following a permanent reduction
(ii) With the aid of a diagram, explain the process in the AD-AS model by which the economy achieves long-run equilibrium following a permanent reduction in
exogenous taxes.
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Econometrics By Example
Authors: Damodar Gujarati
2nd Edition
1137375019, 9781137375018
