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An economy that produces less than the natural rate of output experiences A). A contractionary gap B). An expansionary gap C). A and B D).
An economy that produces less than the natural rate of output experiences
A). A contractionary gap
B). An expansionary gap
C). A and B
D). A liquidity trap
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
