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    Macroeconomics Principles Applications
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    Exam 15: Modern Macroeconomics: From the Short Run to the Long Run
  5. Question
    Suppose That the Economy Is Above the Full Employment Level
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Suppose That the Economy Is Above the Full Employment Level

Question 37

Question 37

Essay

Suppose that the economy is above the full employment level of output. Describe the adjustment process of returning this economy to full employment.

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Being above full employment will lead to...

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