An economy that produces less than the natural rate of output experiences A). A contractionary gap B).
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Question:
An economy that produces less than the natural rate of output experiences
A). A contractionary gap
B). An expansionary gap
C). A and B
D). A liquidity trap
Related Book For
Macroeconomics
ISBN: 978-1464168505
5th Canadian Edition
Authors: N. Gregory Mankiw, William M. Scarth
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