Question: Beginning in long-run equilibrium, explain what happens to the price level and Real GDP in the short run and in the long run as a

Beginning in long-run equilibrium, explain what happens to the price level and Real GDP in the short run and in the long run as a result of
(a) A decline in AD,
(b) A rise in AD,
(c) A decline in SRAS,
(d) A rise in SRAS.

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