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question 361

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Use the following to answer questions:
Figure: AD-AS Use the following to answer questions: Figure: AD-AS   -(Figure: AD-AS)  Look at the figure AD-AS. Consider an economy that is producing an output level of Y<sub>1</sub>. The economy has a(n)  _____ gap, which can be closed by _____ fiscal policy. A) recessionary; expansionary B) inflationary; contractionary C) inflationary; expansionary D) recessionary; contractionary
-(Figure: AD-AS) Look at the figure AD-AS. Consider an economy that is producing an output level of Y1. The economy has a(n) _____ gap, which can be closed by _____ fiscal policy.


Definitions:

Phenylketonuria (PKU)

A genetic abnormality in which phenylalanine builds up and causes intellectual disabilities.

Cystic Fibrosis

A fatal genetic disorder in which mucus obstructs the lungs and pancreas.

Multifactorial Problem

An issue or condition that is influenced by multiple factors, often involving both genetic and environmental components.

Diabetes Mellitus

A chronic medical condition characterized by high levels of sugar (glucose) in the blood, caused by the body's inability to produce or effectively use insulin.

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