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Economics question - AD/AS

  1. Dec 17, 2007 #1
    If an economy is in long-run equilibrium (say that we assume it is so), can we directly infer that it is ALSO in short-run equilibrium?
     
  2. jcsd
  3. Dec 18, 2007 #2

    EnumaElish

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    Yes. By definition, the economy is in LR-eq. if AD = SRAS = LRAS. The first equality implies SR-eq.
     
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