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quiz4 - equilibrium in the goods and services market...

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Macro Quiz # 4 1. Stagflation equilibrium is a ____________ that happens with a _____________. a.short-run equilibrium, decrease in AD b. long-run equilibrium, decrease in AD c.long-run equilibrium, decrease in SRAS d. short-run equilibrium, decrease in SRAS 2. Which is not true at the long-run
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Unformatted text preview: equilibrium in the goods and services market? a.actual GDP = full employment level of GDP b. actual unemployment = natural rate of unemployment c.actual inflation < anticipated inflation d. actual inflation = anticipated inflation...
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