Assume the economy is initially in a long-run equilibrium. Describe the movement from a short-run to a long-run equilibrium following an increase in demand
What is the short-run equilibrium gap called? Why?
Assume the economy is initially in a long-run equilibrium. Describe the movement from a short-run to a long-run equilibrium following an increase in demand
What is the short-run equilibrium gap called? Why?
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