A recessionary gap exists when potential GDP
A) falls short of equilibrium GDP.
B) exceeds equilibrium GDP.
C) equals equilibrium GDP.
D) All of the above are correct.
Correct Answer:
Verified
Q104: Which one of the following could cause
Q106: If the expenditure schedule must be shifted
Q110: The recessionary gap is the
A)amount of unemployment
Q111: An expenditure schedule that lies below the
Q120: The inflationary gap is the
A)inflation rate that
Q120: Inventory reductions are a signal indicating that
A)the
Q124: Table 9-1 Q130: A major reason for the existence of![]()
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