Essay
Explain the meaning of monetary neutrality and illustrate graphically that there is monetary neutrality in the long run in the aggregate demand-aggregate supply model.Be sure to label:
i.the axes
ii.the curves
iii.the initial equilibrium values
iv.the direction to which the curves shift
v.the short-run equilibrium values
vi.the long-run equilibrium values.Explain in words what your graph illustrates.
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