True/False
The language of output gaps - recessionary gaps and inflationary gaps - applies to outcomes of both demand shocks and supply shocks.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q122: Suppose there is an increase in the
Q263: The origins of most shocks for the
Q264: A negative supply shock in macroeconomics is
Q265: Changes in supply plans for existing inputs
Q266: Full employment is represented by points 1
Q267: There is a negative demand shock when<br>A)
Q269: A rising price level<br>A) increases aggregate demand.<br>B)
Q271: The "No - Markets Fail Often" camp
Q272: As the price level in Canada rises,
Q273: The short run is a period of