3. The recessionary expenditure gap depicted will cause: a. demand-pull inflation. b. cost-push inflation. c. cyclical unemployment.

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3. The recessionary expenditure gap depicted will cause:

a. demand-pull inflation.

b. cost-push inflation.

c. cyclical unemployment.

d. frictional unemployment.

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Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

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Question Posted: Sep 28, 2024 07:01 AM

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3. The recessionary expenditure gap depicted will cause: a. demand-pull inflation. b. cost-push inflation. c. cyclical unemployment.

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Macroeconomics

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