What is the new GDP in the short-run as a result of this shift? What is the new price level in the short-run as a result of this shift? What is the price level in the new long-run equilibrium as a result of this shift? What is GDP in the new long-run equilibrium as a result of the shift?
What is the new GDP in the short-run as a result of this shift? What is the new price level in the short-run as a result of this shift? What is the price level in the new long-run equilibrium as a result of this shift? What is GDP in the new long-run equilibrium as a result of the shift?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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What is the new
What is the new price level in the short-run as a result of this shift?
What is the price level in the new long-run equilibrium as a result of this shift?
What is GDP in the new long-run equilibrium as a result of the shift?
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