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Suppose the economy's short-run equilibrium is at a point to the right of Natural Real GDP. Which of the following statements is true? a.The economy

Suppose the economy's short-run equilibrium is at a point to the right of Natural Real GDP. Which of the following statements is true?

a.The economy is in long-run equilibrium.

b.This situation is actually impossible.

c.The economy is in an inflationary gap.

d.The economy is in a recessionary gap.

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