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Exhibit 12-3 -The Economy Characterized by the Aggregate Demand Curve AD and Curve

Question 98

True/False

Exhibit 12-3 Exhibit 12-3 -The economy characterized by the aggregate demand curve AD and the short-run aggregate supply curve SRAS<sub>50 </sub>in Exhibit 12-3 is facing an expansionary gap.
-The economy characterized by the aggregate demand curve AD and the short-run aggregate supply curve SRAS50 in Exhibit 12-3 is facing an expansionary gap.

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