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The Figure Below Shows the Short-Run Aggregate Supply Curve of an Economy.If

question 44

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The figure below shows the short-run aggregate supply curve of an economy.If P3 is the price level prevailing in the economy,_____.​ ​
Figure 10.1
The figure below shows the short-run aggregate supply curve of an economy.If P<sub>3</sub> is the price level prevailing in the economy,_____.​ ​ Figure 10.1   A) there is an expansionary gap. B) there is a recessionary gap. C) the price level will rise. D) the actual unemployment rate is above the natural rate. E) potential output is greater than actual output.


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Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, governing both voluntary actions and involuntary processes.

Infant

A very young child, especially one newly or recently born.

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