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efer to the ADAS diagram. Assume the economy is currently functioning at equilibrium C. a. What kind of Gap exists? b. Would unemployment in this

efer to the ADAS diagram. Assume the economy is currently functioning at equilibrium C. a. What kind of Gap exists? b. Would unemployment in this economy currently be high or low? c. Would inflation in this economy currently be high or low? d. What kind of policy would be needed to restore the economy to longrun equilibrium represented by the curve LRAS

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