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Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
Edition 10ISBN: 978-1259235702Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
Edition 10ISBN: 978-1259235702 Exercise 1
In Figure 12.2, (a) identify the GDP gap when the demand curve is at AD1, and (b) identify the shortfall when the demand curve is at AD.
Explanation
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(a) Following is the required figure - 
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Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
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