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22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
![Suppose an economy has an inflationary gap. a. Illustrate this using a graph with LRAS, SRAS, and AD curves. Identify the equilibrium price level, real GDP, and the output gap in your Suppose an economy has an inflationary gap. a. Illustrate this using a graph with LRAS, SRAS, and AD curves. Identify the equilibrium price level, real GDP, and the output gap in your](https://homework.study.com/cimages/multimages/16/screen_shot_2019-06-20_at_8.43.07_pm1393403819000336944.png)
Suppose an economy has an inflationary gap. a. Illustrate this using a graph with LRAS, SRAS, and AD curves. Identify the equilibrium price level, real GDP, and the output gap in your
![22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics 22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics](https://open.lib.umn.edu/app/uploads/sites/180/2016/05/31e6488993c5b56a066593d5cd5d2724.jpg)
22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
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22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
![22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics 22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics](https://open.lib.umn.edu/app/uploads/sites/180/2016/05/8f6d2862c7721f3972fbc0ad1378d2c2.jpg)
22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
![Explain the meaning of inflationary gap and deflationary gap. Explain any one measure by which these gaps can be reduced. Explain the meaning of inflationary gap and deflationary gap. Explain any one measure by which these gaps can be reduced.](https://dwes9vv9u0550.cloudfront.net/images/9110194/24736b99-b7dd-47a7-bf31-32c0832f523c.jpg)
Explain the meaning of inflationary gap and deflationary gap. Explain any one measure by which these gaps can be reduced.
![Distinguish between inflationary gap and deflationary gap. Can deflationary gap exist at equilibrium level of income? - Zigya Distinguish between inflationary gap and deflationary gap. Can deflationary gap exist at equilibrium level of income? - Zigya](https://www.zigya.com/application/zrc/images/qvar/ECEN12051399.png)
Distinguish between inflationary gap and deflationary gap. Can deflationary gap exist at equilibrium level of income? - Zigya
![macroeconomics - Questions about the recessionary gap and inflationary gap graph - Economics Stack Exchange macroeconomics - Questions about the recessionary gap and inflationary gap graph - Economics Stack Exchange](https://i.stack.imgur.com/D5lVn.png)
macroeconomics - Questions about the recessionary gap and inflationary gap graph - Economics Stack Exchange
![Distinguish between inflationary gap and deflationary gap. Can deflationary gap exist at equilibrium level of income? from Economics Determination of Income and Employment Class 12 Haryana Board - English Medium Distinguish between inflationary gap and deflationary gap. Can deflationary gap exist at equilibrium level of income? from Economics Determination of Income and Employment Class 12 Haryana Board - English Medium](https://www.zigya.com/application/zrc/images/qvar/ECEN12051399-1.png)
Distinguish between inflationary gap and deflationary gap. Can deflationary gap exist at equilibrium level of income? from Economics Determination of Income and Employment Class 12 Haryana Board - English Medium
![22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics 22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics](https://open.lib.umn.edu/app/uploads/sites/180/2016/05/c1dc3a21907e43219bda233a29258ac4.jpg)