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Answered

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In the AD-AS model, which of the following is true?

In The ADAS Model Which Of The Following Is True class=

Sagot :

ohiogina70

Answer:

E, The economy is in a recessionary gap when the short-run equilibrium real output is above the long-run equilibrium real output.

Explanation:

See attached picture.

Diagram is from Andrew McCarthy's "Digging a Little Deeper" website/ blog.

View image ohiogina70
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