Why do shifts of the aggregate demand curve change the price level in the long run but

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Why do shifts of the aggregate demand curve change the price level in the long run but not potential output?

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Macroeconomics A Contemporary Introduction

ISBN: 9781305505490

11th Edition

Authors: William A. McEachern

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Question Posted: Oct 10, 2023 10:46 AM

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Why do shifts of the aggregate demand curve change the price level in the long run but

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Shifts in the aggregate demand AD curve can have different effects on the price level and potential output in the long run due to the nature of the de...View the full answer

Macroeconomics A Contemporary Introduction

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