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2 Using an appropriate diagram, describe the following: (i) A recessionary gap. (4 marks) (ii) An inflationary gap. (4 marks) (iii) Long-run equilibrium. (4 marks)
2 Using an appropriate diagram, describe the following: (i) A recessionary gap. (4 marks) (ii) An inflationary gap. (4 marks) (iii) Long-run equilibrium. (4 marks)
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
