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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.7
Why is it important for the aggregate supply (SRAS) curve to self-correct in response to a recessionary gap?
To stabilize prices and prevent inflation
To maintain a high level of aggregate demand
To achieve long-run equilibrium
To ensure full utilization of resources
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AP Macroeconomics - 3.7 Long-Run Self-Adjustment
Key terms
Recessionary Gap
Aggregate Supply (SRAS) Curve
Self-Correct
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About Us
About Fiveable
Blog
Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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