In the above figure, the inflationary gap can correctly be identified as
A) the difference between 125 and 120.
B) the difference between 12.2 trillion and 12 trillion.
C) LRAS minus SRAS.
D) AD1.
B
Economics
You might also like to view...
If Stock A and Stock B both decrease in value at the same time, they are
A) negatively correlated. B) uncorrelated. C) positively correlated. D) bad bets.
Economics
The largest source of receipts for the federal government is
A) corporate income taxes. B) personal income taxes. C) capital gains taxes. D) Social Security taxes.
Economics