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Show a graph using AD-AS with recession equilibrium (recessionary gap). What kind of fiscal and monetary policies will be used to fix this gap? Show the graphical effect of these policies. What
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The booms and the busts of the business cycle – Introduction to AD – AS models – Digging a Little Deeper
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22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
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Multiplier. Closing the recessionary gap Classical Theory In the Classical Economics, a recessionary gap is only temporary. Because the surplus in. - ppt download
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