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How does the economy return to long-run equilibrium, with no government intervention?

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susansmi
 
Reply Sat 5 Feb, 2011 01:26 pm
Consider an economy that is above full-employment equilibrium (natural rate of output) due to an increase in AD. Prices of productive resources have not changed. With the help of a graph, discuss how the economy returns to long-run equilibrium, with no government intervention. (10 Marks)
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Type: Question • Score: 0 • Views: 1,942 • Replies: 1
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djjd62
 
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Reply Sat 5 Feb, 2011 01:29 pm
@susansmi,
how many of those 10 marks do i get if i do your homework for you
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