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-Based on the Diagram Above,starting from a Long-Run Equilibrium at Point

Question 111

Multiple Choice

-Based on the diagram above,starting from a long-run equilibrium at point C,an upward inflation shock that increases inflation from To 1 will lead to a short-run equilibrium at point ________,creating _________ gap. A) A;an expansionary B) A;a recessionary C) A;no output D) B;an expansionary E) B;a recessionary
-Based on the diagram above,starting from a long-run equilibrium at point C,an upward inflation shock that increases inflation from -Based on the diagram above,starting from a long-run equilibrium at point C,an upward inflation shock that increases inflation from To 1 will lead to a short-run equilibrium at point ________,creating _________ gap. A) A;an expansionary B) A;a recessionary C) A;no output D) B;an expansionary E) B;a recessionary
To 11ec9ae2_bd79_1ce7_a39a_a9c7bc0c6307_TB34225555_11
1 will lead to a short-run equilibrium at point ________,creating _________ gap.


A) A;an expansionary
B) A;a recessionary
C) A;no output
D) B;an expansionary
E) B;a recessionary

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