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In the graph below, suppose the economy is currently at point 1. Explain how the economy will adjust in the long- run, why it will

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In the graph below, suppose the economy is currently at point 1. Explain how the economy will adjust in the long- run, why it will adjust that way, and show these changes on the graph. Remember to explain why the shifts happen as you show. (8 points) Price Mervalgmenu off un every LRASITnow 15 SRAS1 level P100 AD1 Real GDP YF

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