Macroeconomics
Macroeconomics
13th Edition
ISBN: 9781337617390
Author: Roger A. Arnold
Publisher: Cengage Learning
Question
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Chapter 9, Problem 9QP

 (a)

To determine

Estimate the diagrammatic explanation for an inflationary gap.

(b)

To determine

Estimate the diagrammatic explanation for a recessionary gap.

(c)

To determine

Estimate the diagrammatic explanation for the long-run equilibrium.

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