ECON MACRO
5th Edition
ISBN: 9781337000529
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 16, Problem 1.2P
To determine
The short-run and long-run effects on the economy when the policymakers assume that the economy is overheating
Introduction:
Natural Rate of
Aggregate Demand: The amount of goods and services purchased at all possible prices at a given point of time is termed as Aggregate Demand
Recessionary Gap: When the economy operates below its potential output is termed as the Recessionary Gap.
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Chapter 16 Solutions
ECON MACRO
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