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-An Inflationary Gap Means That Short- Run Macroeconomic Equilibrium GDP

Question 416

Multiple Choice

-An inflationary gap means that short- run macroeconomic equilibrium GDP A) is more than full- employment GDP. B) is less than full- employment GDP. C) equals full- employment GDP. D) may be less than, more than, or the same as full- employment GDP depending on the level of potential GDP.
-An inflationary gap means that short- run macroeconomic equilibrium GDP


A) is more than full- employment GDP.
B) is less than full- employment GDP.
C) equals full- employment GDP.
D) may be less than, more than, or the same as full- employment GDP depending on the level of potential GDP.

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