Multiple Choice
If the SRAS curve intersects the AD curve to the right of Natural Real GDP,the economy is
A) in a recessionary gap.
B) in either a recessionary gap or an inflationary gap,but we need more information to determine which one.
C) in an inflationary gap.
D) at full-employment Real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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