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Question 18

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Use the following to answer questions .
Exhibit: The Inflation-Unemployment Cycle Use the following to answer questions . Exhibit: The Inflation-Unemployment Cycle -(Exhibit: The Inflation-Unemployment Cycle) If the economy were experiencing a recessionary gap, it would be at the intersection of short-run aggregate supply and aggregate demand at point(s) : A) 1 only. B) 1 or 2. C) 3 only. D) 4.
-(Exhibit: The Inflation-Unemployment Cycle) If the economy were experiencing a recessionary gap, it would be at the intersection of short-run aggregate supply and aggregate demand at point(s) :


A) 1 only.
B) 1 or 2.
C) 3 only.
D) 4.

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