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Based on the Diagram, If Potential Output Equals 5,000 and the Real

question 147

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Based on the diagram, if potential output equals 5,000 and the real interest rate is 1 percent, then there is ________ gap and the Fed must ________ the real interest rate so that output will equal potential output. Based on the diagram, if potential output equals 5,000 and the real interest rate is 1 percent, then there is ________ gap and the Fed must ________ the real interest rate so that output will equal potential output.     A) a recessionary; raise B) a recessionary; reduce C) an expansionary; reduce D) an expansionary; raise  


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The organization of society into hierarchical levels based on socio-economic status or other distinctions.

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