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Consider the basic AD/AS macro model in long -run equilibrium. An expansionary AD shock would have
Output effect in the short run and output effect in the long run.
Fish
Aquatic animals that are typically covered with scales and have gills, commonly harvested as food or kept as pets.
Straight Line
The shortest distance between any two points, or a line with a constant slope, in geometric terms.
Opportunity Costs
Opportunity costs represent the benefits an individual, investor, or business misses out on when choosing one alternative over another.
Natural Disaster
A sudden and extreme event caused by natural processes of the Earth that can result in significant damage and loss.
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