Inflationary and recessionary gaps are closed by self-correcting adjustments without any policy interference that shift Athe SAS curve 8. the AD curve Oc the LAS curve o both the SAS curve and the LAS curve

Inflationary and recessionary gaps are closed by self-correcting adjustments without any policy interference that shift Athe SAS curve 8. the AD curve Oc the LAS curve o both the SAS curve and the LAS curve

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Inflationary and recessionary gaps are closed by self-correcting adjustments without any policy interference that shift
A the SAS curve
B. the AD curve
the LAS curve
both the SAS curve and the LAS curve

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