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Effect on the ad curve-as curve

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Reference no: EM132560120

Assume the United States economy is macroeconomic equilibrium at full employment, when it experiences a technology boom that improves technology across industries and improves productivity. Evaluate the effect on the AD curve, AS curve, LRAS curve equilibrium price level and equilibrium output. Explain your answer and in addition provide a graph that reflects your explanation.

Reference no: EM132560120

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