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Deduce long-run equilibrium for dynamic ad-as model suppose

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Derive the long-run equilibrium for the dynamic AD-AS model. Assume there are no shocks to demand or supply (t = vt = 0) and in ation has stabilized (t = t1), and then use the ve equations to derive the value of each variable in the model. Be sure to show each step you follow.

Reference no: EM13455906

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