A inflationary gap occurs in the economy when
A) Aggregate demand is perfectly elastic.
B) Aggregate demand is greater than potential GDP.
C) Aggregate demand is greater than full employment output.
D) None of the above
C) Aggregate demand is greater than full employment output.
You might also like to view...
Round to the nearest tenths.
4.1892
The number one state for producing pigs is Arkansas
Indicate whether the statement is true or false
The conductors that provide electrical power to permanently installed pool lighting fixtures must be GFCI protected if the voltage is above __________ .
a. the low-voltage contact limit b. 24 volts c. 120 volts d. the high-voltage contact limit
Which type of control system can control system operation based on real-time system information?
A) Communicating system B) Hybrid pneumatic electromechanical system C) Relay logic system D) Line-voltage control system