One of your classmates is convinced that the actual amount of output that corresponds to the long-run

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One of your classmates is convinced that the actual amount of output that corresponds to the long-run aggregate supply curve is fixed. What will you say to convince him/her that the opposite is the case?

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

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Posted Date: May 08, 2019 05:43 AM

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One of your classmates is convinced that the actual amount of output that corresponds to the long-run

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It is not the actual amount of output but the potential amount ... View the full answer

Principles of Economics

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