Question: If aggregate demand grows faster than potential GDP, _______ gap emerges and if it grows more slowly than potential GDP, _______ gap emerges. A. neither
If aggregate demand grows faster than potential GDP, _______ gap emerges and if it grows more slowly than potential GDP, _______ gap emerges. A. neither an inflationary nor a recessionary; neither an inflationary nor a recessionary B. an inflationary; a recessionary C. neither an inflationary nor a recessionary; a recessionary D. a recessionary; an inflationary
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
