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A recessionary gap and an inflationary gap will not persist when the equilibrium level of GDP Question 12 options: a) equals potential output. b) frictional

A recessionary gap and an inflationary gap will not persist when the equilibrium level of GDP Question 12 options: a) equals potential output. b) frictional unemployment is 0. c) the unemployment rate is 0. d) everyone who wants a job has one and firms are not looking for extra workers

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