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By the end of this section, you will be able to do the following: Explain the importance of potential GDP in the long run, analyze the role of flexible prices, interpret a neoclassical model of aggregate demand and aggregate supply, and evaluate different ways for measuring the speed of macroeconomic adjustment.
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Classroom Considerations
- Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
- The intended use for this resource is Instructional