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Which of the following is correct? Question 11 options: When the real GDP is greater than the potential GDP there is a recessionary gap. When
Which of the following is correct? Question 11 options: When the 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. Potential GDP does not vary with the price level. Everything else being the same, an investment in new and improved technology will result in a leftward shift of the LAS (long-term aggregate supply) curve
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