Question: If aggregate demand grows faster than potential GDP, ________ gap emerges, and if aggregate demand grows more slowly than potential GDP, _________ gap emerges. Question
If aggregate demand grows faster than potential GDP, ________ gap emerges, and if aggregate demand grows more slowly than potential GDP, _________ gap emerges. Question 24 options: a recessionary; an inflationary an inflationary; a recessionary neither an inflationary nor a recessionary; neither an inflationary nor a recessionary neither an in inflationary nor a recessionary; a recessionary
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
