A recessionary gap results in an increase in _____

What is the current equilibrium price level and real GDP for the economy illustrated in the figure above? Does this economy have an inflationary gap, a recessionary gap, or neither?

As it adjusts toward full employment, which curve shifts? What is the equilibrium real GDP and price level that the economy will ultimately reach?

Those who think that a popular investment is necessarily a good investment often find themselves earning low returns.

Answer the following statement true (T) or false (F)