Assume that the economy is originally in long run, Business Law and Ethics

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Assume that the economy is originally in long run

Assume that the economy is originally in long run equilibrium and that there is a drop in demand.

Use graphs to explain how and why the economy initially moves to a short- run equilibrium with unemployment.

How does the economy return to long- run equilibrium?

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Business Law and Ethics: Assume that the economy is originally in long run

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Business Law and Ethics: Assume that the economy is originally in long run

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