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10.1.Ch.10__Study_Guide-Determining_National_Income

10.1.Ch.10__Study_Guide-Determining_National_Income - Ch 10...

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Ch. 10 Study Guide - DETERMINING NATIONAL INCOME © 2007, BK Publishing, Inc. 1 Q 1. When an economy comes to an equilibrium point below the full employment level, a phenomenon is known as: a) a recessionary gap. b) an inflation gap. c) full employment level.
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Ch. 10 Study Guide - DETERMINING NATIONAL INCOME © 2007, BK Publishing, Inc. 2 Q 2. When an economy comes to an equilibrium point above the full employment level, a phenomenon is known as:
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