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31 March, 08:42

The Keynesian LRAS Curve is composed of three phases. The LRAS Curve is nearly vertical in the third phase. What does this mean?

A. Tje economy is inefficient

B. The economy is inefficient

C. Th e economy is nearly completely efficent

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  1. 31 March, 08:47
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    C.

    This is because all resources are almost being used and to their full potential, therefore there are few idle resources and thus is efficiency.
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