The graph gives along-run aggregate supply curve and ashort-run aggregate supply curve. Potential GDP increases and thefull-employment

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The graph gives along-run aggregate supply curve and ashort-run aggregate supply curve.

Potential GDP increases and thefull-employment price level remains constant.

Draw the newlong-run aggregate supply curve and the newshort-run aggregate supply curve. Label the curves.

Draw a point that shows the new value of potential GDP at thefull-employment price level.

Posted Date: Jul 01, 2024 08:55 AM

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The graph gives along-run aggregate supply curve and ashort-run aggregate supply curve. Potential GDP increases and thefull-employment

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