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From course:

Economics A Level (DONEEEEEEE)

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Question:

Why can Shifts in AS or Long Run Economic Growth help all 4 Macroeconomic Performance Indicators

Author: eric_galvao



Answer:

-Taking LRAS, the Shift will mean that More Output will be Made [Equilibrium will Shift] and Unemployment will Fall consequently -Prices will also Fall leading to Disinflation and this can lead to Exports being more Competitive, which may Match the Imports needed to reach the Output


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