An economy adjust on its own to close a recessionary gap

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Reference no: EM13833976

An economy adjust on its own to close a recessionary gap because there is

pressure on nominal wages to fall and this shifts the SRAS curve rightward.

pressure on nominal wages to rise and this shifts the SRAS curve rightward.

pressure on nominal wages to fall and this shifts the SRAS curve leftward.

pressure on nominal wages to rise and this shifts the SRAS curve leftward.

Reference no: EM13833976

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