Can the economy be in a short-run macroeconomic equilibrium

Reference no: EM131303800

Can the economy be in a short-run macroeconomic equilibrium without being in a long-run macroeconomic equilibrium? Can the economy be in a long-run macroeconomic equilibrium without being in a short-run macroeconomic equilibrium? Support your answer using an AD-AS graph.

Reference no: EM131303800

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