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iv . Explain where on the diagram and how the economy will move in the long run, if LRAS2 stays constant and there is no

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iv . Explain where on the diagram and how the economy will move in the long run, if LRAS2 stays constant and there is no policy intervention. (6 marks) LRAS1 LRAS2 Price level SRAS SRAS2 114 B 112 AD2 AD L 0 $1120 1140 1160 Real GDP (billions of dollars)

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