menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics for Business
  4. Exam
    Exam 13: Inflation, Output and Economic Policy
  5. Question
    If Output Gap in an Economy Declines Because of a Gradual
Solved

If Output Gap in an Economy Declines Because of a Gradual

Question 47

Question 47

True/False

If output gap in an economy declines because of a gradual increase in aggregate demand as the economy moves out of a recession, it is called a real business cycle effect.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q42: An economy's potential GDP is fixed; it

Q43: Which of the following correctly explains why

Q44: When an increase in aggregate demand causes

Q45: Extreme Keynesians believe that all markets adjust

Q46: For an economy which is facing an

Q48: The short-run Philips curve shifts downwards when

Q49: Which of the following would cause an

Q50: Can an economy's potential output change over

Q51: Consider an economy which is in both

Q52: What does the Phillips curve show?<br>A) The

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines