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2. Fill in the blank spaces in the table according to the classical view. State of the Unemployment rate SR real GDP Wage rate SRAS

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2. Fill in the blank spaces in the table according to the classical view. State of the Unemployment rate SR real GDP Wage rate SRAS economy (high, low, at Un) (below, above or at natural real GDP) (rise, fall, same) (rise, fall, same) Recessionary gap Inflationary gap Long-run equilibrium

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