Graphically the intersection of the aggregate demand curve, the short-run and long-run aggregate supply curves determines:
A. the recessionary gap.
B. long-run equilibrium.
C. the expansionary gap.
D. short-run equilibrium.
Answer: B
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a. doubled b. tripled c. stayed the same d. decreased significantly e. quadrupled
How might a clothing store differentiate itself from its competitors? List at least three ways
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