What will be the level of output, Microeconomics

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What will be the level of output

Problem

If the inflation rate is slow to adjust and is initially above a level at which aggregate expenditures equal potential GDP, what will be the level of output? What will happen if the aggregate demand-inflation (ADI) curve shifts to the left? To the right? If long-run potential GDP decreases? Increases?

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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