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NOTE: i want type written answers not image of hand-written Question 2 (a) Using an Aggregate Demand / Aggregate Supply diagram, explain how an economy
NOTE: i want type written answers not image of hand-written
Question 2
(a) Using an Aggregate Demand / Aggregate Supply diagram, explain how an economy may experience short run growth in actual output, and describe two ways in which this may occur.
(b) Explain how an economy may experience long run growth in potential output, and describe two ways in which this may occur.
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