Question: ( 1 ) Derive the long - run equilibrium for the dynamic AD - AS model. ( 2 ) Assume that no shocks to demand

(1) Derive the long-run equilibrium for the dynamic AD-AS model. (2) Assume that no shocks to demand or supply and inflation has stabilized. Use the five equations of the DAD-DAS model to derive the value of each variable in the model

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