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6 In which of the following circumstances would it be appropriate to use expansionary policy to increase GDP? When the economy is in long run
6 In which of the following circumstances would it be appropriate to use expansionary policy to increase GDP?
- When the economy is in long run equilibrium
- When resources are being used faster than they can be replaced
- When the economy is in a recession
- When the economy is operating beyond full employment
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Essentials of Econometrics
Authors: Damodar Gujarati, Dawn Porter
4th edition
73375845, 978-0071276078, 71276076, 978-0073375847
