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FIGURE 24-1 -Refer to Figure 24-1. If the Economy Is Currently in Currently

question 11

Multiple Choice

  FIGURE 24-1 -Refer to Figure 24-1. If the economy is currently in a short-run equilibrium at Y0, the economy is experiencing A)  a recessionary output gap. B)  an inflationary output gap. C)  a labour shortage. D)  a long-run equilibrium. E)  potential output growth. FIGURE 24-1
-Refer to Figure 24-1. If the economy is currently in a short-run equilibrium at Y0, the economy is experiencing


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