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(Figure: Shifting SRAS and AD) What Economic Event Is

Question 245

Multiple Choice

(Figure: Shifting SRAS and AD) (Figure: Shifting SRAS and AD) What economic event is represented if full employment GDP occurs at point (a) ? A) a recession B) demand-pull inflation C) cost-push inflation D) deflation What economic event is represented if full employment GDP occurs at point (a) ?


A) a recession
B) demand-pull inflation
C) cost-push inflation
D) deflation

Correct Answer:

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