The graphs below illustrate an initial equilibrium for the economy. suppose that investment spending falls. use the graphs to show the new positions of aggregate demand (ad), short-run aggregate supply (sras and long-run aggregate supply (lras) in both the short-run and the long-run, as well as the short-run an long-run equilibria resulting from this change. then answer what happens to the price level and gdp short-run graph long-run graph lras lras sras ras shont-run equilibium long-rury equilibrium ad ad real gop real gdp in the short-run, the price level select answerinthe long-run, the price level select answer and gdp select answer and gdp select answer
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The graphs below illustrate an initial equilibrium for the economy. suppose that investment spending...
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