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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.5
Which of the following would create an inflationary gap?
The short-run equilibrium output is above the full-employment of output
The short-run equilibrium output is at the full-employment of output
The short-run equilibrium output is below the full-employment of output
None of the options would create a recessionary gap
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AP Macroeconomics - 3.5 Equilibrium in Aggregate Demand-Aggregate Supply (AD-AS) Model
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Inflationary Gap
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About Fiveable
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Resources
Cram Mode
AP Score Calculators
Study Guides
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Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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