(b). Using the economic fluctuations graph³, assume your country is initially in long- run equilibrium. How did the event shift your graph away from long-run equilibrium? Explain which specific factor(s)4 shifted AD, SRAS, or both, and how they're related to your event and country. Make sure you explain mention how price and quantity changed.

(b). Using the economic fluctuations graph³, assume your country is initially in long- run equilibrium. How did the event shift your graph away from long-run equilibrium? Explain which specific factor(s)4 shifted AD, SRAS, or both, and how they're related to your event and country. Make sure you explain mention how price and quantity changed.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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