n a self-regulating economy, inflationary and recessionary gaps produce shifts of the: A. AD curve that maintains the short run equilibrium. B.AD curve that moves the economy to the long run equilibrium. C. Short run AS curve that maintains the short run equilibrium. D. Short run AS curve that moves the economy to the full employment level.
n a self-regulating economy, inflationary and recessionary gaps produce shifts of the: A. AD curve that maintains the short run equilibrium. B.AD curve that moves the economy to the long run equilibrium. C. Short run AS curve that maintains the short run equilibrium. D. Short run AS curve that moves the economy to the full employment level.
Chapter10: Aggregate Demand And Supply
Section10.A: The Self Correcting Aggregate Demand And Supply Model
Problem 7SQ
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In a self-regulating economy, inflationary and recessionary gaps produce shifts of the:
A. AD curve that maintains the short run equilibrium.
B.AD curve that moves the economy to the long run equilibrium.
C. Short run AS curve that maintains the short run equilibrium.
D. Short run AS curve that moves the economy to the full employment level.
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