Beginning in equilibrium in an AD and SRAS model, an increase in consumption growth will initially cause

Name: Beginning in equilibrium in an AD and SRAS model, an increase in consumption growth will initially cause
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An increase in consumption growth will shift the AD curve to the right, resulting in an increase in both inflation and real growth in the short-run. However, in the long-run, the SRAS curve will shift to the left, resulting in only an increase in inflation and no change in real growth.

Beginning in Equilibrium in an AD and SRAS Model, an Increase