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Suppose the aggregate demand curve in an economy is Y =10 000-10 000p, current ...

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Suppose the aggregate demand curve in an economy is Y=10 000-10 000p, current inflation (p) equals 0.06 (6%), and potential output (Y*) equals 9400. If, starting from long-run equilibrium, an inflation shock raises inflation to 0.07, in the short run, output will equal ____ and, in the long run, output will equal _____.

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