5.3 If short-run equilibrium occurs at less than the potential output of the economy, RGDPNR, the result

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5.3 If short-run equilibrium occurs at less than the potential output of the economy, RGDPNR, the result is a recessionary gap. If the short-run equilibrium temporarily occurs beyond RGDPNR, the result is an infl ationary gap.

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Survey Of ECON

ISBN: 9780538478090

1st Edition

Authors: Robert L. Sexton

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Question Posted: Oct 25, 2024 08:02 AM

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5.3 If short-run equilibrium occurs at less than the potential output of the economy, RGDPNR, the result is a recessionary gap. If the short-run equilibrium temporarily occurs beyond RGDPNR, the...
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5.3 If short-run equilibrium occurs at less than the potential output of the economy, RGDPNR, the result

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Survey Of ECON

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