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39 2 pts Which of these changes is observed in an economy when a recessionary gap is closed in the long run? An increase in
39 2 pts Which of these changes is observed in an economy when a recessionary gap is closed in the long run? An increase in both the rate of output and the price level. A decrease in both the rate of output and the price level. An increase in the level of output and a decrease in the price level. An increase in the inflation rate and a decrease in the unemployment rate
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Price theory and applications
Authors: Steven E landsburg
8th edition
538746459, 1133008321, 780538746458, 9781133008323, 978-0538746458
