- Refer to the above diagram, in which Q_f is the full-employment output. If the economy's current aggregate demand curve is AD₃, it is experiencing:

Name: - Refer to the above diagram, in which Q f is the full-employment output. If the economy's current aggregate demand curve is AD 3 , it is experiencing:
Brand: Quizplus
Rating: 4.9 (57 reviews)

Question

Quizplus · Accepted Answer

A positive GDP gap occurs when actual GDP is greater than potential GDP, indicating that the economy is producing above its full-employment output level.

- Refer to the Above Diagram, in Which Qf Is

- Refer to the Above Diagram, in Which Q_f Is