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If a short-run equilibrium occurs at a level of output above the natural rate, then in the transition to the long run prices will ______ and output will ______.
Q5: The LM curve can shift to the
Q38: The inconvenience associated with reducing money holdings
Q47: Increases in the natural level of output
Q48: Consider the money demand function that takes
Q54: If y = k<sup>1/2</sup>, the country saves
Q59: Starting from a steady-state situation, if the
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Q64: Exhibit: IS*-LM* <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8615/.jpg" alt="Exhibit: IS*-LM*
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