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What is an expansionary gap

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Reference no: EM131617009

Please provide clear and correct information for your initial post I would like you to explain it in your own terms:

What is an expansionary gap?

What is a recessionary gap?

What role do expectations play in macroeconomic policy?

Reference no: EM131617009

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What is an expansionary gap : Please provide clear and correct information for your initial post I would like you to explain it in your own terms:
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