Multiple Choice
Consider the above figure. If the aggregate demand went from AD2 to AD3, our nation would have gone from
A) a recessionary gap to an inflationary gap.
B) a recessionary gap to full-employment real GDP.
C) an inflationary gap to full-employment GDP.
D) full-employment real GDP to an inflationary gap.
Correct Answer:
Verified
Correct Answer:
Verified
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