Would unemployment in this economy currently

Reference no: EM133629402

Assume the economy is currently functioning at equilibrium C. a. What kind of Gap exists? b. Would unemployment in this economy currently be high or low? c. Would inflation in this economy currently be high or low? d. What kind of policy would be needed to restore the economy to longrun equilibrium represented by the curve LRAS?

Reference no: EM133629402

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