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-Refer to Figure 5

Question 51

Multiple Choice

-Refer to Figure 5.6. At the equilibrium price and real GDP this economy: A) faces a recessionary gap. B) has output is too low relative to its potential. C) faces an inflationary gap. D) is not likely to experience significant inflationary pressures.
-Refer to Figure 5.6. At the equilibrium price and real GDP this economy:


A) faces a recessionary gap.
B) has output is too low relative to its potential.
C) faces an inflationary gap.
D) is not likely to experience significant inflationary pressures.

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