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Which of the following is correct? Question 10 options: When the potential GDP is less than the real GDP there is a recessionary gap. Everything
Which of the following is correct? Question 10 options: When the potential GDP is less than the real GDP there is a recessionary gap. Everything being the same, an investment in new and improved technology will result in a leftward shift of the LAS (long-term aggregate supply) curve. Potential GDP does not vary with the price level. When real GDP is greater than the potential GDP there is a recessionary gap. When the potential GDP is greater than the real GDP there is an inflationary gap
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