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Exhibit 3 Macro AD-AS Model     in Exhibit 3

question 38

Multiple Choice

Exhibit 3 Macro AD-AS Model     Exhibit 3 Macro AD-AS Model       In Exhibit 3, the level of real GDP represented by Y<sub>p</sub>: A) is potential real GDP for this economy. B) indicates that the economy is experiencing zero inflation. C) indicates that the economy is experiencing a recessionary gap. D) would be associated with considerable unemployment. In Exhibit 3, the level of real GDP represented by Yp:


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