In the dynamic aggregate demand and aggregate supply model, what is the result of aggregate demand increasing faster than potential real GDP?

What will be an ideal response?

Aggregate demand increasing faster than potential real GDP results in inflation.

Economics

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A pair of deep posterior trunk muscles that adduct the scapula and cause downward rotation of the scapula are the __________.

Fill in the blank(s) with the appropriate word(s).

Economics

If planned aggregate expenditure equals GDP, the economy is in macroeconomic equilibrium

Indicate whether the statement is true or false

Economics