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    Economics Today
  4. Exam
    Exam 8: Modelling Real Gdp and the Price Level in the Short Run
  5. Question
    In the Short-Run It Is Possible for Output to Be
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In the Short-Run It Is Possible for Output to Be

Question 41

Question 41

Essay

In the short-run it is possible for output to be affected by governmental policies.Define and explain the three types of output gaps.

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Output gap:the difference between potent...

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