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When GDP Is _____ Than Potential GDP: - unemployment Rate Is High; Labor Competes For Jobs - wages Go Down - decreasing Wages Cause The As Curve To Decrease Reaching Potential GDP Once Again

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1. When GDP Is _____ Than Potential GDP: - unemployment Rate Is High; Labor Competes For Jobs - wages Go Down - decreasing Wages Cause The As Curve To Decrease Reaching Potential GDP Once Again





 
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