Expansionary and Contractionary Gaps Are Automatically Eliminated by Shifts in Aggregate

question 121

True/False

Expansionary and contractionary gaps are automatically eliminated by shifts in aggregate demand.

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Definitions:

Obedience Level

The extent to which individuals comply with the commands or orders from authority figures.

Over The Telephone

A mode of communication or interaction that occurs through voice calls using telephones.

Increased

Refers to a quantity or condition becoming larger in size, number, value, strength, or intensity.

Decreased

Becoming smaller or less; a reduction in size, quantity, or intensity.