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Imagine you are in the long-run equilibrium. Then animal spirits arrive, that in-crease ai increase. Inflation expectations are adaptive. There are no other shocks to

Imagine you are in the long-run equilibrium. Then animal spirits arrive, that in-crease ai increase. Inflation expectations are adaptive. There are no other shocks to the economy. What happens to the economy? Illustrate this by using AD AS diagrams

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