Diagrammatically represent an economy in (a) an inflationary gap, (b) a recessionary gap, and (c) long-run equilibrium.

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Diagrammatically represent an economy in

(a) an inflationary gap,

(b) a recessionary gap, and

(c) long-run equilibrium.

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Microeconomics

ISBN: 9780357720639

14th Edition

Authors: Roger A. Arnold, Daniel R Arnold, David H Arnold

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