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A Recessionary Gap Is Usually Closed in the Long Run

Question 61

Multiple Choice

A recessionary gap is usually 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) decrease in aggregate demand.
E) downward movement along a fixed short-run aggregate supply curve.

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