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When an inflationary gap exists (in the AS-AD model), then unemployment rate is Question 11 options: higher than the natural rate of unemployment. equal to
When an inflationary gap exists (in the AS-AD model), then unemployment rate is Question 11 options: higher than the natural rate of unemployment. equal to the natural rate of unemployment. lower than the natural rate of unemployment
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The Lever Of Riches Technological Creativity And Economic Progress
Authors: Joel Mokyr
1st Edition
0195074777, 9780195074772
