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22.2 Aggregate Demand and Aggregate Supply: The Long Run and the Short Run – Principles of Economics
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Aggregate Price Levels. Inflation Defining inflation –Generally, we consider inflation to be a sustained rise in the average price level over a period. - ppt download
![The following graph shows the market for bank reserves in a hypothetical economy. Suppose the price level decreases from 100 to 60. Shift the appropriate curve on the following graph to show The following graph shows the market for bank reserves in a hypothetical economy. Suppose the price level decreases from 100 to 60. Shift the appropriate curve on the following graph to show](https://homework.study.com/cimages/multimages/16/untitled607996116112797493.jpg)
The following graph shows the market for bank reserves in a hypothetical economy. Suppose the price level decreases from 100 to 60. Shift the appropriate curve on the following graph to show
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