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Loraine Loraine
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9 years ago
If the economy is in equilibrium with real GDP less than potential GDP, there is ________ gap and a fiscal policy that ________ is appropriate.
A) an inflationary; increases aggregate demand
B) an inflationary; decreases aggregate demand
C) a recessionary; increases aggregate demand
D) a recessionary; decreases aggregate demand
E) a recessionary; increases potential GDP
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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8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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