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Some economists believe the economy is self - regulating. What does this mean? It means the economy can remove itself from recessionary and inflationary gaps
Some economists believe the economy is selfregulating. What does this mean?
It means the economy can remove itself from recessionary and inflationary gaps and produce at Natural Real GDP
It means the economy is always in shortrun equilibrium producing Natural Real GDP
It means that inflationary gaps naturally change into recessionary gaps.
It means that recessionary gaps naturally change into inflationary gaps.
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