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    Economics Principles and Policy Study Set 2
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    Exam 25: Demand-Side Equilibrium: Unemployment or Inflation
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    Define the Terms Recessionary Gap and Inflationary Gap
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Define the Terms Recessionary Gap and Inflationary Gap

Question 191

Question 191

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Define the terms recessionary gap and inflationary gap.Why do they occur?

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A recessionary gap exists when the expen...

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