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TYP: SA Exhibit 14A-3 Macro AD-AS Model

Question 6

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TYP: SA
Exhibit 14A-3 Macro AD-AS Model
TYP: SA Exhibit 14A-3 Macro AD-AS Model -In Exhibit 14A-3,the level of real GDP associated with Y₁: A) is equal to potential real GDP. B) is an inflationary gap real GDP. C) is a long-run equilibrium. D) is caused by flexible wages and prices.
-In Exhibit 14A-3,the level of real GDP associated with Y₁:


A) is equal to potential real GDP.
B) is an inflationary gap real GDP.
C) is a long-run equilibrium.
D) is caused by flexible wages and prices.

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