Question: ' ampuses ' Mobile app )22 Fall Main (SUBR) Principle of Economics l (SECO-ZZlE g Quiz n; The short run is a period of time

' ampuses ' Mobile app )22 Fall Main (SUBR) Principle of Economics l (SECO-ZZlE g Quiz n; The short run is a period of time during which: i 1 E ' . I Q a. resource buyers and sellers cannot adjust fully to changes in the price level. i 8 O b. \" actual output equals potential output ' E O c. there is a recessionary gap that cannot be corrected through discretionary policy. ' f 14 0 (1. resource buyers and sellers can adjust fully to changes in the price level. i 0 e. there is an expansionary gap that cannot be corrected using the passive approach. l ll

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