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Loraine Loraine
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Posts: 4563
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9 years ago
If the aggregate demand curve and the aggregate supply curve intersect at a level of real GDP less than potential GDP, there is
A) a recessionary gap.
B) an inflationary gap.
C) a rising price level.
D) a falling real GDP.
E) an above full-employment equilibrium.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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#1
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9 years ago
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Loraine Author
wrote...

9 years ago
Good timing, thanks!
Morgan-C
wrote...

Yesterday
Correct Slight Smile TY
paulinaibarra98
wrote...

2 hours ago
Smart ... Thanks!
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