04 Economic Gaps + macooeconomic Gaps. P SRAS P SRAS SRAS AD y*く y Achoa lc potenooal EX y* Inflabionay G No Gap Recessionayfap yu - yF メ\o0 Loutant Actoal Potential | Gap yF Potential

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 22CTQ: What assumptions about the economy must he true for the invisible hand to work? To what extent are...
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3. What is an output gap? And which 3 situations are discussed

04 Economic Gaps
+ macooeconomic
Gaps.
P
SRAS
P
SRAS
SRAS
AD
y*く y
Achoa lc potenooal
EX y*
Inflabionay G
No Gap
Recessionayfap
yu - yF
メ\o0
Loutant
Actoal
Potential
|
Gap
yF
Potential
Transcribed Image Text:04 Economic Gaps + macooeconomic Gaps. P SRAS P SRAS SRAS AD y*く y Achoa lc potenooal EX y* Inflabionay G No Gap Recessionayfap yu - yF メ\o0 Loutant Actoal Potential | Gap yF Potential
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