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Answered

In the AD-AS model, which of the following is true?

In The ADAS Model Which Of The Following Is True class=

Answer :

OHIOGINA70IN

Answer:

E, The economy is in a recessionary gap when the short-run equilibrium real output is above the long-run equilibrium real output.

Explanation:

See attached picture.

Diagram is from Andrew McCarthy's "Digging a Little Deeper" website/ blog.

View image OHIOGINA70

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