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Suppose the economy is at a short-run equilibrium GDP that lies below potential GDP.Which of the following will occur because of the automatic mechanism adjusting the economy back to potential GDP?
Crime Rates
A measure of the number of crimes committed per unit of population or area in a specified period of time.
Explanations
Statements or accounts that make a subject clear and understandable.
State and Federal Law
Legal frameworks governing a nation, where state laws apply within individual states and federal laws apply across the entire nation.
Supreme Court
The highest court in a country or state, which has the ultimate authority to adjudicate in legal disputes and interpret the constitution.
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