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Starting from Long-Run Equilibrium,what Will a Decrease in Aggregate Demand

Question 99

Multiple Choice

Starting from long-run equilibrium,what will a decrease in aggregate demand cause?


A) a recessionary gap in the short run and the long run
B) an inflationary gap in the short run and the long run
C) a recessionary gap in the short run
D) an inflationary gap in the short run

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