If actual output exceeds potential output, the economy
a. is in neither a short-run nor long-...
Business, 03.12.2019 04:31 purplefish53
If actual output exceeds potential output, the economy
a. is in neither a short-run nor long-run equilibrium.
b. is experiencing a recessionary gap.
c. may be in a long-run equilibrium but is not in a short-run equilibrium.
d. is experiencing an inflationary gap.
Answers: 1
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