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    Macroeconomics Study Set 34
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    Exam 13: Technological Progress: the Short,the Medium,and the Long Run
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    Using the AS / AD Model,graphically Illustrate and Explain the Short-Run
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Using the AS / AD Model,graphically Illustrate and Explain the Short-Run

Question 37

Question 37

Essay

Using the AS / AD model,graphically illustrate and explain the short-run effect of an increase in productivity.In your graph,clearly label all curves and equilibria.

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An increase in A shifts the AS...

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