A recessionary gap occurs in the economy when

A) Aggregate demand is less than full employment output.
B) Aggregate demand is in the depression or Keynesian range of the aggregate supply curve.
C) Aggregate demand is less than potential GDP.
D) None of the above.


A) Aggregate demand is less than full employment output.

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A. rich B. lean C. low compression D. high fuel level

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A. Technician A only B. Technician B only C. Both A and B D. Neither A nor B

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The farm problem can best be characterized as one of low farm income

Indicate whether the statement is true or false

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