As an inflationary gap is eliminated through an economys, Ask an Expert

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As an inflationary gap is eliminated through an economy's self-correcting adjustments process,

the equilibrium price level increases and the equilibrium real output decreases.

the equilibrium price level decreases and the equilibrium real output increases.

the equilibrium price level and the equilibrium real output increase.

the equilibrium price level and the equilibrium real output decrease.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91403831

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