1. "if aggregate demand grows faster than long-run and short-run aggregate supply", it will lead to increase in equilibrium price as demand curve will shift towards right side.
2. Please see the demand and supply curves in such a situation at:
http://en.wikipedia.org/wiki/Supply_and_demand
.
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1. "if aggregate demand grows faster than long-run and short-run aggregate supply", it will lead to increase in equilibrium price as demand curve will shift towards right side.
2. Please see the demand and supply curves in such a situation at:
http://en.wikipedia.org/wiki/Supply_and_demand
.
.