Question: 24 at yet wered 85. Suppose the aggregate demand and aggregate supply schedules for a hypothetical economy are as shown below: Amount of real GDP
24 at yet wered 85. Suppose the aggregate demand and aggregate supply schedules for a hypothetical economy are as shown below: Amount of real GDP Price level (price index) Amount of real GDP Demanded Supplied $100 300 $450 arked out of Flag question 200 250 H00 300 200 300 100 150 200 500 100 100 If potential GDP equal to $400 what kind of GDP Gap is this economy experiencing at present? a. Inflationary gap b. Recessionary gap c Aggregate supply gap d. Aggregate demand gap
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