[ad_1] In the short run as per the classical view, recessionary gaps (represented by region ADB to ADA in the graph) and inflationary gaps (represented by region ADB to ADC) are possible due to wage inflexibility. Factors such as labor
[ad_1] In the short run as per the classical view, recessionary gaps (represented by region ADB to ADA in the graph) and inflationary gaps (represented by region ADB to ADC) are possible due to wage inflexibility. Factors such as labor