keitahadja911 keitahadja911

22-04-2024
Advanced Placement (AP)

contestada

5. Refer figure below. Consider an economy that is producing an aggregate output of Y₁. The
economy faces a(n)
gap, which can be closed
by
fiscal policy.
Aggregate
price level
LRAS
a) recessionary; expansionary
b) inflationary; expansionary
c) inflationary; contractionary
d) recessionary; contractionary

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