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22.2 Aggregate Demand and Aggregate Supply: The Long Run and the Short Run – Principles of Economics
22.2 Aggregate Demand and Aggregate Supply: The Long Run and the Short Run – Principles of Economics
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Assume that Australia's macroeconomic equilibrium is equal to the potential GDP. Growth in China has slowed down, resulting in a decrease in the demand for Australian beef. Using the AD/AS model, explain
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Macroeconomic Equilibrium: Definition, Graphs | StudySmarter
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