![22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics 22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics](https://open.lib.umn.edu/app/uploads/sites/180/2016/05/7b62fdbf653dfcb85fd08b78b15b6275.jpg)
22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
![22.2 Aggregate Demand and Aggregate Supply: The Long Run and the Short Run – Principles of Economics 22.2 Aggregate Demand and Aggregate Supply: The Long Run and the Short Run – Principles of Economics](https://open.lib.umn.edu/app/uploads/sites/180/2016/05/11ea0ab01b768e10945ed63013507e32.jpg)
22.2 Aggregate Demand and Aggregate Supply: The Long Run and the Short Run – Principles of Economics
![Suppose the economy is currently in long-run macroeconomic equilibrium, with actual GDP equal to potential GDP. a. Depict this situation using AD-AS, being sure to label all curves and axis. Suppose t Suppose the economy is currently in long-run macroeconomic equilibrium, with actual GDP equal to potential GDP. a. Depict this situation using AD-AS, being sure to label all curves and axis. Suppose t](https://homework.study.com/cimages/multimages/16/66666666664948585323890156401.jpg)
Suppose the economy is currently in long-run macroeconomic equilibrium, with actual GDP equal to potential GDP. a. Depict this situation using AD-AS, being sure to label all curves and axis. Suppose t
![SOLVED: In the accompanying diagram, the economy is in long-run macroeconomic equilibrium at point E1 when an oil shock shifts the short-run aggregate supply curve to S R A S2 a. How SOLVED: In the accompanying diagram, the economy is in long-run macroeconomic equilibrium at point E1 when an oil shock shifts the short-run aggregate supply curve to S R A S2 a. How](https://cdn.numerade.com/ask_previews/9ee43c4e-9c57-44f8-bd47-5d68a04cc51c_large.jpg)