Question
When Y t (full employment output) rises then the Dynamic AD curve at time t will shift but the Dynamic AS curve at time t
When Y t (full employment output) rises then the Dynamic AD curve at time t will shift but the Dynamic AS curve at time t will not shift. Is this statement true or false? Use graphs to discuss your answer briefly
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
11th Edition
134519574, 9780134521046 , 978-0134519579
