At a long-run macroeconomic equilibrium,real GDP is always equal to potential GDP.
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Q197: On average,in the recessions since 1950,it has
Q198: The long-run adjustment to a negative supply
Q199: Long-run macroeconomic equilibrium occurs when the aggregate
Q200: A decrease in aggregate demand causes a
Q201: In the long run
A)GDP = potential GDP.
B)unemployment
Q203: Suppose a recession occurs as a result
Q204: Stagflation occurs when short-run aggregate supply decreases.
Q205: Why does the short-run aggregate supply curve
Q206: The automatic mechanism _ the price level
Q207: Explain how the economy moves back to
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