How is it possible for the economy to have an inflationary gap?

a. Equilibrium is at a GDP level below full employment.
b. Equilibrium is at a GDP level equal to full employment.
c. Equilibrium is at a GDP level above full employment.
d. GDP is rising at full employment.
e. GDP is falling at full employment.

c

Economics

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In which year was the Federal Deposit Insurance Corporation (FDIC) established?

A) 1929 B) 1933 C) 1913 D) 1951

Economics

Why does the profit-maximizing level of production occur at the point where marginal revenue equals marginal cost?

What will be an ideal response?

Economics