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A line can be drawn which divides the following figure into two separate parts. These two parts could then fit together to make a square. Which two numbers would you connect to make this line?
(Enter your answer with the two numbers you selected separated by a dash, e.g. "n-n")
Long-Run Aggregate Supply
The Long-Run Aggregate Supply represents the total production of goods and services in an economy at full employment, unaffected by short-term fluctuations.
Recessionary Gap
Occurs when the actual output of an economy is less than the potential output, indicating underutilized resources.
Actual Output
The actual total value of goods and services produced by an economy over a specific period.
Potential Output
Potential output refers to the maximum amount of goods and services an economy can produce when it uses its resources fully and efficiently, without prompting inflation.
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