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Long-Run Self-Adjustment
Without policy, wages and prices eventually adjust and the economy returns to full employment.
- Recessionary and inflationary gaps
- Wage flexibility
- LRAS
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11:54
CrashCourse
13:53
Khan Academy
12:05Khan Academy
9:19CrashCourse
8:54Khan Academy
2:17
Jacob Clifford
4:35Khan Academy
2:03Jacob Clifford
3:21Jacob Clifford
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