What is the relationship among ad sras and lras as, Business Economics

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What is the relationship among ad sras and lras as

1. What is the relationship among AD, SRAS, and LRAS, as explained in the text, when the economy is into Long Run equilibrium? Explain!

2. Why and how might a Supply Shock (OPEC oil embargo) lead the US into Stagflation?

3. Why are Long-Run effects of an increase in aggregate demand on price and output, different from Short-Run effects

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Business Economics: What is the relationship among ad sras and lras as

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