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Imagine you are in the long-run equilibrium. Then animal spirits arrive, that increase 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 increase 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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Strategic Management And Business Policy Toward Global Sustainability
Authors: Thomas L. Wheelen, J. David Hunger
13th Edition
9780132998079, 132998076, 978-0132153225
