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33. If the economy is at equilibrium above potential output: A) there is a recessionary gap, and expansionary fiscal policy is appropriate. B) there

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33. If the economy is at equilibrium above potential output: A) there is a recessionary gap, and expansionary fiscal policy is appropriate. B) there is an inflationary gap, and contractionary fiscal policy is appropriate. C) there is a recessionary gap, and contractionary fiscal policy is appropriate. D) there is an inflationary gap, and expansionary fiscal policy is appropriate.

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