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When the economy is in long-run equilibrium, the price level adjusts to equate total planned real residents with total p
Posted: Wed Jul 06, 2022 6:17 pm
by answerhappygod
- When The Economy Is In Long Run Equilibrium The Price Level Adjusts To Equate Total Planned Real Residents With Total P 1 (156.82 KiB) Viewed 27 times
When the economy is in long-run equilibrium, the price level adjusts to equate total planned real residents with total planned by firms. Economic growth causes the long-run aggregate supply schedule to shift price level tends to and there is secular deflation. " by individuals, businesses, the government, and foreign (non-U.S.) over time. If the position of the aggregate demand curve does not change, the long-run equilibrium