Use the following to answer questions:
Figure: Inflationary and Recessionary Gaps 
-(Figure: Inflationary and Recessionary Gaps) Refer to Figure: Inflationary and Recessionary Gaps. Yp in panel (b) :
A) is potential output.
B) indicates a decrease in aggregate demand.
C) indicates a recessionary gap.
D) is associated with considerable unemployment.
Correct Answer:
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Q186: An inflationary gap is automatically closed by
Q187: Use the following to answer questions:
Figure: Inflationary
Q188: An inflationary gap:
A) is generally regarded as
Q189: Inflationary and recessionary gaps are closed by
Q190: Use the following to answer questions:
Figure: Policy
Q192: If the SRAS curve intersects the aggregate
Q193: Graphically, a recessionary gap is measured as
Q194: Use the following to answer questions:
Figure: An
Q195: A recessionary gap occurs if:
A) actual real
Q196: Use the following to answer questions:
Figure: Policy
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