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If the economy is in an inflationary gap, then: If the economy is in an inflationary gap, then: at full employment not enough goods and

If the economy is in an inflationary gap, then: If the economy is in an inflationary gap, then: at full employment not enough goods and services are purchased to keep the economy at full employment. at full employment more goods and services are purchased than a fully employed economy produces. the economy cannot move beyond full employment. the natural rate of unemployment includes cyclical unemployment

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