If equilibrium GDP is $5.5 trillion and full employment GDP is $5 trillion, there is . (LO1)
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If equilibrium GDP is $5.5 trillion and full employment GDP is $5 trillion, there is . (LO1)
a) defi nitely an infl ationary gap
b) probably an infl ationary gap
c) defi nitely a recessionary gap
d) probably a recessionary gap
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