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long-run equilibrium

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Is there a unique rate of inflation that corresponds to long-run equilibrium? What determines the rate of inflation when the economy is at long-run equilibrium?

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Is there a unique rate of inflation that corresponds to long-run equilibrium? What determines the rate of inflation when the economy is at long-run equilibrium?

There is a unique rate of inflation to the long-run equilibrium. When the actual output is equal to the ...

Solution Summary

Long-run equilibrium is discussed very comprehensively in this explanation.

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