Complete the following statement. At an above full-employment equilibrium, real GDP _________ potential GDP and there is a/an __________ gap. This can be caused by a _________ shock to aggregate demand. Complete the following statement. At an above full-employment equilibrium, real GDP _________ potential GDP and there is a/an __________ gap. This can be caused by a _________ shock to aggregate demand. is equal to; natural output gap; positive exceeds; inflationary; positive is above; inflationary; negative is less than; recessionary; negative.

Complete the following statement. At an above full-employment equilibrium, real GDP ___ potential GDP and there is a/an gap. This can be caused by a _ shock to aggregate demand. Complete the following statement. At an above full-employment equilibrium, real GDP _ potential GDP and there is a/an gap. This can be caused by a ___ shock to aggregate demand. is equal to; natural output gap; positive exceeds; inflationary; positive is above; inflationary; negative is less than; recessionary; negative.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Aggregate Demand And Supply

Section: Chapter Questions

Problem 9SQP

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