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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 46
Circle the letter that corresponds to the best answer. When equilibrium GDP is too small, we have ______.
A) a recessionary gap
B) a depression
C) an inflationary gap
D) none of the above
A) a recessionary gap
B) a depression
C) an inflationary gap
D) none of the above
Explanation
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When the GDP of a country is way less th...
Macroeconomics 11th Edition by Stephen Slavin
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