In macroeconomics, can the long run aggregate supply and demand be moved by consumer confidence. As I
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Question:
In macroeconomics, can the long run aggregate supply and demand be moved by consumer confidence. As I understand it, the short run demand curves can move with consumer sentiment and the in response the short run demand will move to accommodate it. In this instance, things will eventually return to equilibrium.
Here are my two questions:
Is my understanding correct?
What (if anything) can move the long run aggregate supply and demand curve(s)?
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