=+a. Recessionary gap of $800; mpe = 5. h. Inflationary gap of $1,500; mpe = .8. c.

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=+a. Recessionary gap of $800; mpe = 5. h. Inflationary gap of $1,500; mpe = .8.

c. Real GDP = $10,200; Potential GDP = $9,000; mpe = .2.

d. Real GDP = $40,500; Potential GDP = $42,000; mpe = .7.

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Economics

ISBN: 9780071214476

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Authors: David Colander

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=+a. Recessionary gap of $800; mpe = 5. h. Inflationary gap of $1,500; mpe = .8. c. Real GDP = $10,200; Potential GDP = $9,000; mpe = .2. d. Real GDP = $40,500; Potential GDP = $42,000; mpe = .7.
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=+a. Recessionary gap of $800; mpe = 5. h. Inflationary gap of $1,500; mpe = .8. c.

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