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Question 271

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Use the following to answer questions:
Figure: Inflationary and Recessionary Gaps Use the following to answer questions: Figure: Inflationary and Recessionary Gaps -(Figure: Inflationary and Recessionary Gaps) Refer to Figure: Inflationary and Recessionary Gaps. The intersection of AD with SRAS in panel (b) indicates: A) a short-run equilibrium. B) a long-run equilibrium. C) that unemployment is too high. D) stagflation.
-(Figure: Inflationary and Recessionary Gaps) Refer to Figure: Inflationary and Recessionary Gaps. The intersection of AD with SRAS in panel (b) indicates:


A) a short-run equilibrium.
B) a long-run equilibrium.
C) that unemployment is too high.
D) stagflation.

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