"If the aggregate demand curve and the aggregate supply curve intersect at a level of real GDP more than potential GDP, there i

Question

denpristay [2]

4 years ago

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"If the aggregate demand curve and the aggregate supply curve intersect at a level of real GDP more than potential GDP, there i

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Social Studies

1 answer:

sp2606 [1] · Answer 1 · 2022-01-04T16:25:49+03:00

Answer: Inflationary Gap

Explanation:

Inflationary gap, which is also known as as expansionary gap, is a macroeconomic concept that gives the amount in which the actual gross domestic product exceeds anticipated GDP or aggregate supply at a level, which is expected to be potential full-employment GDP. In other word inflationary gap is the difference between economy's full employment real GDP and the actual gross domestic product

"If the aggregate demand curve and the aggregate supply curve intersect at a level of real GDP more than potential​ GDP, there i

"If the aggregate demand curve and the aggregate supply curve intersect at a level of real GDP more than potential GDP, there i