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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 ensure full utilization of resources
To maintain a high level of aggregate demand
To achieve long-run equilibrium
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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
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Careers
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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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