Multiple Choice
If the aggregate demand curve and the aggregate supply curve intersect at a level of real GDP less than potential GDP,there is
A) a recessionary gap.
B) an inflationary gap.
C) a rising price level.
D) a falling real GDP.
E) an above full-employment equilibrium.
Correct Answer:

Verified
Correct Answer:
Verified
Q292: A technological advance _ potential GDP,_ aggregate
Q293: If the aggregate demand curve and the
Q294: During an inflationary gap,<br>A)real GDP is less
Q295: Moving along the AS curve,when the price
Q296: Explain how changes in foreign income can
Q298: Aggregate demand _ and shifts the AD
Q299: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -The change reflected
Q300: A tax increase<br>A)decreases aggregate demand and the
Q301: The global economy enters a recession,thereby decreasing
Q302: At a price level of 100,John has