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Exhibit 14A-2  Macro AD-AS Model in Exhibit 14A-2, the Short-Run

Question 13

Multiple Choice

Exhibit 14A-2  Macro AD-AS Model Exhibit 14A-2  Macro AD-AS Model In Exhibit 14A-2, the short-run equilibrium depicts an economy: A) with an inflationary gap. B) with a recessionary gap. C) producing at full employment. D) None of the above answers are correct. In Exhibit 14A-2, the short-run equilibrium depicts an economy:


A) with an inflationary gap.
B) with a recessionary gap.
C) producing at full employment.
D) None of the above answers are correct.

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