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Use the following to answer questions: Use the following to answer questions:   -(Figure: Short-Run Equilibrium)  Refer to Figure: Short-Run Equilibrium. If the economy is at equilibrium at Y<sub>1</sub> and P<sub>1</sub>, it is in a(n) : A)  recessionary gap. B)  inflationary gap. C)  high level of unemployment. D)  liquidity trap.
-(Figure: Short-Run Equilibrium) Refer to Figure: Short-Run Equilibrium. If the economy is at equilibrium at Y1 and P1, it is in a(n) :


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Normative Influence

The effect of societal norms and expectations on an individual's behavior, prompting conformity to group standards.

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