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QUESTION 2 Exhibit: Monetary Policy and Long-Run Aggregate Demand and Aggregate Supply Price LRAS level SRAS SRAS a AD ADI Y Yb Real GDP per

QUESTION 2 Exhibit: Monetary Policy and Long-Run Aggregate Demand and Aggregate Supply Price LRAS level SRAS SRAS a AD ADI Y Yb Real GDP per year Short-run but not long-run equilibrium positions occur at points a and b O b and o O c and d O a and c

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