What are the effects of the change in the short run, Microeconomics

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What are the effects of the change in the short run

Problem

Suppose that a sudden decrease in aggregate demand moves the economy from its long-run equilibrium.

a. Illustrate this change using the aggregate demand-aggregate supply model.

b. What are the effects of this change in the short run and the long run?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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