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Exhibit 14A-4  Macro AD-AS Model in Exhibit 14A-4, the Level

Question 53

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Exhibit 14A-4  Macro AD-AS Model Exhibit 14A-4  Macro AD-AS Model In Exhibit 14A-4, the level of real GDP represented by Y<sub>p</sub>: A) would be associated with considerable unemployment. B) indicates that the economy is experiencing zero inflation. C) indicates that the economy is experiencing a recessionary gap. D) is potential real GDP for this economy. In Exhibit 14A-4, the level of real GDP represented by Yp:


A) would be associated with considerable unemployment.
B) indicates that the economy is experiencing zero inflation.
C) indicates that the economy is experiencing a recessionary gap.
D) is potential real GDP for this economy.

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