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sgy_89 sgy_89
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7 years ago
Based on the figure above, if the economy is in equilibrium at the intersection of AD1 and AS, then
A) a recessionary gap exists; the gap is equal to $400 billion.
B) a recessionary gap exists; the gap is equal to $900 billion.
C) an inflationary gap exists; the gap is equal to $400 billion.
D) an inflationary gap exists; the gap is equal to $900 billion.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
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VilaVila
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sgy_89 Author
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7 years ago
Smart ... Thanks!
Harvinder
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lolaww
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Thanks
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