Inflationary and recessionary gaps are closed by self-correcting adjustments that shift:
A) the SRAS curve.
B) the AD curve.
C) the LRAS curve.
D) both the SRAS curve and the LRAS curve.
Correct Answer:
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Q184: When the economy is producing output below
Q185: Use the following to answer questions:
Figure: Inflationary
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
Q190: Use the following to answer questions:
Figure: Policy
Q191: Use the following to answer questions:
Figure: Inflationary
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
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