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The economy is currently in a recessionary gap; therefore, it is located at a point ______. a. above the institutional productional possibilities frontier but below
The economy is currently in a recessionary gap; therefore, it is located at a point ______. a. above the institutional productional possibilities frontier but below the physical production possibilities frontier b. above the physical production possibilities frontier c. below the institutional productional possibilities frontier d. on the institutional production possibilities frontier
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