How does an economy that is experiencing an expansionary gap adjust in the long run?

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Economics A Contemporary Introduction

ISBN: 9781305505469

11th Edition

Authors: William A. McEachern

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Question Posted: Oct 07, 2023 11:41 PM

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How does an economy that is experiencing an expansionary gap adjust in the long run?

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In the long run firms and workers realize that the actual price level exceeds the expected price ...View the full answer

Economics A Contemporary Introduction

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