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Unformatted text preview: Aggregate Supply Equilibrium Analysis 4. Speed of adjustment depends on price stickiness 3. Shift in short run aggregate supply aﬀects output and price
only in the short run and has no eﬀect in the long run 2. Shifts in aggregate demand aﬀects only price level in the long
run 1. Shift in aggregate demand aﬀects output only in the short run
and has no eﬀect in the long run Conclusions from AD/AS Aggregate Demand ...
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- Fall '08