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If the Short-Run Macroeconomic Equilibrium Is to the _____ of the Economy's

Question 153

Multiple Choice

If the short-run macroeconomic equilibrium is to the _____ of the economy's potential output, then there is a(n) _____ gap and the aggregate price level is expected to _____.


A) right; inflationary; fall
B) right; recessionary; rise
C) left; inflationary; fall
D) left; recessionary; fall

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