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Business, 02.07.2019 21:30 cheesecake1919

As/ad model – suppose this economy was initially at full employment, but then experienced two large left shifts of ad. if the price level declines to $1.90, then real production gdp will have fallen to $4000 b and people will have lost their jobs. in the business cycle the economy will have moved from point “x” to point .

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