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What is the answer? 41!. Why is point In n_ot a long-run equilibrium? In your answer, mention the level of potential GDP, and describe whether

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41!. Why is point In n_ot a long-run equilibrium? In your answer, mention the level of potential GDP, and describe whether point D represents an above fullemployment, a_tfullemplovment, or 3 below fullemployment. If either an inflationary gap or recessionary gap exists, calculate what it equals. Ans: 3c {sketch the AD/AS Model} 140 130 120 110 100 ' 90 80

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