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V Demand and Supply
V Aggregate Demand Curve
V Equilibrium Condition for Aggregate Demand
V Shift of Aggregate Demand Curve
V Aggregate Supply Curve
V Long run Supply Curve (Long rum
Equilibrium)
V Short run Supply Curve(Short run Equilibrium)
V Conclusion

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money is neutral · Any changes in the money supply will be met by a proportionate change in prices · Increasing the money supply will .V In the long run.

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.V Shift in aggregate demand affects output only in the short run and has no effect in the long run V Shifts in aggregate demand affects only price level in the long run V Shift in short run aggregate supply affects output and price only in the short run and has no effect in the long run V The economy has a self-correcting mechanism V The pace of self-correction may justify policy intervention.