Answer:
E, The economy is in a recessionary gap when the short-run equilibrium real output is above the long-run equilibrium real output.
Explanation:
See attached picture.
Diagram is from Andrew McCarthy's "Digging a Little Deeper" website/ blog.
cube is the correct answer
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They were industrialists who started textile manufacturing plants. Hope this helped
Answer:
D. Everything in the world is "Made in China" Literally!
Explanation:
Answer:
The four components of gross domestic product are personal consumption, business investment, government spending, and net exports. 1 That tells you what a country is good at producing. GDP is the country's total economic output for each year