A recessionary gap is a gap that exists when potential GDP _ real GDP and that brings a _ price level.An inflationary

Question

Ostrovityanka [42]

3 years ago

15

A recessionary gap is a gap that exists when potential GDP _ real GDP and that brings a _ price level.An inflationary

gap is a gap that exists when real GDP _____ potential GDP and that brings a _____ price level.

Social Studies

1 answer:

Alik [6] · Answer 1 · 2022-05-03T23:13:37+03:00

Alik [6]3 years ago

6 0

Answer:

Exceeds, falling, exceeds, rising

Explanation:

An infalationary gap or recessionary gap exits when potentional GDP exceeds real GDP and as a result prices fall. But when a real GDP exceeds potential GDP prices rises.

A recessionary gap is a gap that exists when potential GDP​ _____ real GDP and that brings a​ _____ price level.An inflationary

A recessionary gap is a gap that exists when potential GDP _ real GDP and that brings a _ price level.An inflationary