Solved

A Recessionary Gap Can Be Defined As

Question 136

Multiple Choice

A recessionary gap can be defined as:


A) an economy that is operating above its full-employment capacity.
B) an economy that is operating at full-employment capacity.
C) the amount by which aggregate expenditures exceeds the aggregate expenditures level needed to generate equilibrium real GDP at full employment without inflation
D) the amount by which aggregate expenditures falls short of the level needed to generate equilibrium real GDP at full employment without inflation.
E) the easiest way out of a depression.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents