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Figure: AD-AS
-(Figure: AD-AS) Refer to Figure: AD-AS. Suppose the economy is in an inflationary gap so that SRAS1 intersects AD2. The size of the gap is equal to:
Reaction
A method where substances combine and transform into one or more distinct substances possessing unique chemical and physical characteristics.
Organic Product
A natural substance or compound obtained through biochemical processes from organisms or their parts.
Reaction
A process in which substances interact to form new substances with different properties, involving a reorganization of atoms or molecules.
Reaction Mechanism
A detailed step-by-step description of how reactants are converted into products, including the breaking and forming of bonds.
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