-In the figure above, an equilibrium output greater than Yn is ________ attainable in the ________-run.
Definitions:
Long-Term U.S. Treasury Bonds
Government bonds with maturities typically longer than 10 years, considered among the safest investment securities.
Market Risk Premium
The excess return that investors require for choosing to invest in the stock market over a risk-free asset.
Index Fund
A type of mutual fund or exchange-traded fund (ETF) designed to follow the returns of a specific market index.
Treasury Bills
Short-term government securities with maturity periods of one year or less, sold at a discount from their face value.
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