If the SRAS curve intersects the AD curve to the left of Natural Real GDP, the economy is

A. In a recessionary gap.
B. At natural real GDP.
C. In an inflationary gap.
D. At full employment real GDP.

Question

If the SRAS curve intersects the AD curve to the left of Natural Real GDP, the economy is
 
A. In a recessionary gap.
B. At natural real GDP.
C. In an inflationary gap.
D. At full employment real GDP.

If the SRAS curve intersects the AD curve to the left of Natural Real GDP, the economy is

A. In a recessionary gap.

B. At natural real GDP.

C. In an inflationary gap.

D. At full employment real GDP.

Unlock all answers

Related textbook solutions

Principles of Economics

Principles of Macroeconomics

Principles of Microeconomics

Weekly leaderboard

If the SRAS curve intersects the AD curve to the left of Natural Real GDP, the economy is A. In a recessionary gap. B. At natural real GDP. C. In an inflationary gap. D. At full employment real GDP.