Question: Suppose that during World War II the long-run aggregate supply curve shifted right. In order for price and output to have changed in the direction
Suppose that during World War II the long-run aggregate supply curve shifted right. In order for price and output to have changed in the direction they did, what would have to have happened to aggregate demand? Explain.
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If during World War II the longrun aggregate supply curve shifted right it implies an increase in the economys potential output over the long term Thi... View full answer
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