Bundle: Principles of Economics, Loose-leaf Version, 8th + LMS Integrated MindTap Economics, 2 terms (12 months) Printed Access Card
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Chapter 33, Problem 1PA

Sub part (a):

To determine

Long run equilibrium in AD-AS model.

Sub part (b):

To determine

Long run equilibrium in AD-AS model.

Sub part (c):

To determine

Long run equilibrium in AD-AS model.

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Can you show me the answers for parts a and b? Thanks.
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What are the answers for a,b,c,d? Are they supposed to be numerical answers or in terms of a variable?
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