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If short run equilibrium output equals 50000 and potential output equals 45000, then this economy has a(n) _____ gap that can be closed by ______.
If short run equilibrium output equals 50000 and potential output equals 45000, then this economy has a(n) _____ gap that can be closed by ______. A expansionary, decreasing taxes B expansionary, increasing transfer payments C expansionary, decreasing government purchases D recessionary, increasing government purchases
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