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    Macroeconomics Study Set 43
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    Exam 16: A: Long-Run Macroeconomic Adjustments
  5. Question
    If the Long-Run Supply Curve Is Fixed in Place, Can
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If the Long-Run Supply Curve Is Fixed in Place, Can

Question 28

Question 28

Essay

If the long-run supply curve is fixed in place, can there be persistent inflation?

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No there cannot be persistent inflation....

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