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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 66
Circle the letter that corresponds to the best answer. There is an inflationary gap when _______.
A) equilibrium GDP is equal to full-employment GDP
B) equilibrium GDP is smaller than full-employment GDP
C) equilibrium GDP is larger than full-employment GDP
D) none of the above
A) equilibrium GDP is equal to full-employment GDP
B) equilibrium GDP is smaller than full-employment GDP
C) equilibrium GDP is larger than full-employment GDP
D) none of the above
Explanation
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Verified
When the GDP of a country is way more th...
Macroeconomics 11th Edition by Stephen Slavin
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