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When prices of outputs in an economy become sufficiently high causing production to exceed potential GDP, the resulting: Question 21 options: a) hyper-intense production will
When prices of outputs in an economy become sufficiently high causing production to exceed potential GDP, the resulting: Question 21 options: a) hyper-intense production will be unsustainable in the long run. b) lower prices will lead to a lower quantity of demand. c) higher wages will encourage workers to produce more at high prices. d) downward slope in aggregate supply curve will be short run
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