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The Figure Below Shows Short-Run Equilibrium in an Aggregate Demand-Aggregate

question 15

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The figure below shows short-run equilibrium in an aggregate demand-aggregate supply model. In this figure, the distance between points Y1 and Y2 represents:
The figure below shows short-run equilibrium in an aggregate demand-aggregate supply model. In this figure, the distance between points Y<sub>1</sub> and Y<sub>2</sub> represents:   A)  an expansionary gap. B)  a recessionary gap. C)  the potential output. D)  seasonal unemployment. E)  structural unemployment.


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