Yoyp2836 Yoyp2836

29-04-2024
Business

Answered

An economy is in long-run macroeconomic equilibrium when it experiences a positive demand shock. which of the following things will be the result of the shock in the short run?
A) a recessionary gap with a decrease in price levels
B) an inflationary gap with a decrease in price levels
C) an inflationary gap with an increase in price levels

Answer :

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