35. An inflationary gap occurs if O actual real GDP is equal to potential output

Question

35. An inflationary gap occurs if O actual real GDP is equal to potential output O unemployment is greater than the natural rate. actual real GDP is greater than potential output. O actual real GDP is less than potential output. 36. Figure: Shift of the Aggregate Demand Curve Price level AD AD Real GDP Reference: Ref 12-3 (Figure: Shift of the Aggregate Demand Curve) A movement from point C on AD2 to point A on AD1 may have been the result of: decreases in the taxes paid by businesses. O an increase in investment demand due to optimistic GDP forecasts. lower interest rates. a decrease in investment due to pessimistic GDP forecasts

Explanation / Answer

5. D

6. B

7. B

8. C

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