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An Expansionary Gap Is Closed in the Long Run by A(n)

Question 38

Multiple Choice

An expansionary gap is closed in the long run by a(n) _____


A) rightward shift of the short-run aggregate supply curve.
B) leftward shift of the short-run aggregate supply curve.
C) upward movement along a fixed short-run aggregate supply curve.
D) increase in aggregate demand.
E) decrease in aggregate demand.

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