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If the economy is self-regulating, then it follows that Question 18 options: recessionary and inflationary gaps are temporary economic states. wages will fall when the economy is in a recessionary gap. wages will rise when the economy is in an inflationary gap. the economy is always in long-run equilibrium. a, b and c
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If the economy is self-regulating, then it follows that Question 18 options: recessionary and inflat...
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