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​ Exhibit 10A-3 Macro AD-AS Model

question 40

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Exhibit 10A-3 Macro AD-AS Model
​ Exhibit 10A-3 Macro AD-AS Model   In Exhibit 10A-3, the level of real GDP represented by Yp: 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 10A-3, the level of real GDP represented by Yp:


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