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Loraine Loraine
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9 years ago
During an inflationary gap,
A) real GDP is less than potential GDP.
B) the aggregate demand curve and the aggregate supply curve intersect at potential GDP.
C) the aggregate demand curve and the aggregate supply curve intersect at a level of real GDP that exceeds potential GDP.
D) the aggregate demand curve and the aggregate supply curve do not intersect.
E) the price level will fall to restore the long-run 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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9 years ago
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Loraine Author
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9 years ago
this is exactly what I needed
mikey3091
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This calls for a celebration Person Raising Both Hands in Celebration
Zacellison
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Correct Slight Smile TY
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