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22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
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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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Illustrate the following graphically. a. Fiscal policy eliminates an inflationary gap. b. Fiscal policy destabilizes the economy. c. Fiscal policy only partly eliminates a recessionary gap. | Homework.Study.com
![22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics 22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics](https://open.lib.umn.edu/app/uploads/sites/180/2016/05/d40e454e38f488401fe10479d750c36c.jpg)
22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
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GDP GAP /inflationary GAP// .Deflationary gap //full explained through Ad -As model with diagram. - YouTube
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3.2 (Macro) Creating & eliminating deflationary gap (monetarist/new classical model); 3.3 Deflation - YouTube
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