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4 December, 23:41

An inflationary gap: A.

is generally regarded as desirable, especially by people living on a fixed income.

B.

means that the economy is operating beyond its potential output.

C.

means that SRAS will soon shift rightward.

D.

means that there are pressures for wages to fall.

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Answers (2)
  1. 5 December, 00:00
    0
    The amount by which the actual gross domestic product exceeds potential full-employment GDP. It is one type of output gap, the other being a recessionary gap.
  2. 5 December, 00:06
    0
    D:means that there are pressures for wages to fall
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Home » Business » An inflationary gap: A. is generally regarded as desirable, especially by people living on a fixed income. B. means that the economy is operating beyond its potential output. C. means that SRAS will soon shift rightward. D.
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