Explain why recessionary gaps occur only in the short run, Macroeconomics

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Explain why recessionary gaps occur only in the short run

Problem

Recessionary Gaps After reviewing, explain why recessionary gaps occur only in the short run and only when the actual price level is below what was expected.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Explain why recessionary gaps occur only in the short run

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Macroeconomics: Explain why recessionary gaps occur only in the short run

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