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AP Macroeconomics Unit 2: Recessions & Inflations: Main Macro Graph & Fiscal Policy Actions Please Explain how the economy would adjust in the long-run given

AP Macroeconomics

Unit 2: Recessions & Inflations: Main Macro Graph & Fiscal Policy Actions

Please Explain how the economy would adjust in the long-run given no government intervention.

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Unit 2: Recessions & Inflations: Main Macro Graph & Fiscal Policy Actions Recessionary Gap: when aggregate output is below potential output. | Inflationary Gap: when aggregate output is above potential output and higher aggregate price level. Explain how the economy would adjust in the long-run given no government intervention

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