Why might the adjustment take some time?, International Economics

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Why might the adjustment take some time?

Problem

Using the aggregate demand-aggregate supply model, one might argue that the economy will adjust on its own when aggregate demand drops. How does this adjustment work? Why might this adjustment take some time?

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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