sgomezatl sgomezatl

07-02-2021
Social Studies

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In the AD-AS model, which of the following is true?

In the ADAS model which of the following is true class=

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ohiogina70 ohiogina70

07-02-2021

Answer:

E, The economy is in a recessionary gap when the short-run equilibrium real output is above the long-run equilibrium real output.

Explanation:

See attached picture.

Diagram is from Andrew McCarthy's "Digging a Little Deeper" website/ blog.

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