What is an inflationary gap? A recessionary gap?

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Principles Of Economics

ISBN: 9781711471464

3rd Edition

Authors: OpenStax

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Question Posted: Dec 25, 2023 09:20 AM

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What is an inflationary gap? A recessionary gap?

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An inflationary gap and a recessionary gap are concepts used in macroeconomics to describe different scenarios related to actual output or real GDP an...View the full answer

Principles Of Economics

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