If the long-run aggregate supply curve gives the level of potential real GDP, how can the short-run

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If the long-run aggregate supply curve gives the level of potential real GDP, how can the short-run aggregate supply curve ever lie to the right of the long-run aggregate supply curve?

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Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

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Question Posted: Apr 23, 2024 02:01 AM

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If the long-run aggregate supply curve gives the level of potential real GDP, how can the short-run

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In macroeconomics the shortrun aggregate supply SRAS curve and the longrun aggregate supply LRAS curve represent different concepts and relationships ...View the full answer

Economics

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