Answer to Question #2352 in Macroeconomics for eli

Question #2352

The inflationary GDP gap differs from the AD excess when:
The aggregate supply curve is horizontal.
There is a time lag in the implementation of fiscal policy.
The multiplier effect raises spending.
The aggregate supply curve slopes upward.

Expert's answer

Answer in progress...

Learn more about our help with Assignments: Macroeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. The MPC in your economy is 0.70 with an autonomous consumption of Tk 80 billion. Your economy is a o
2. Strengths and weaknesses of Neoclassical Economics
3. Indicate how each of the following activities will affect GDP: a. You pay $600 per month to lease a
4. In this question please use only one graph. This way, many students will understand the questions be
5. You buy a book at a 20%off sale. Your state has a sales tax of 4.5%. If the book normally costs $22.
6. Which type of unemployment was most likely affected by the computer revolution, and how?
7. Why is national income measurement so important to assess economic performance of a country's e