If the SRAS curve intersects the aggregate demand curve to the right of LRAS

If the sras curve intersects the aggregate demand

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43.If the SRAScurve intersects the aggregate demand curve to the right of LRAS, the result will be:A)a recessionary gap.B)an inflationary gap.C)cyclical unemployment.D)long-run equilibrium.Page 14
44.The short-run aggregate supply curve illustrates:Use the following to answer question 45:Figure: Inflationary and Recessionary Gaps45.(Figure: Inflationary and Recessionary Gaps) If the economy is in short-run equilibrium at Y1in panel (b), the economy is experiencing46.A rise in labor productivity will most likely result in:Page 15
47.A recessionary gap occurs if:A)actual real GDP is less than potential output.B)actual real GDP is greater than potential output.C)actual real GDP is equal to potential output.D)unemployment is less than the natural rate.48.Government purchases of goods and services differ from changes in taxes and transfer payments because government purchases of goods and services:49.If the Fed increases the quantity of money in circulation:

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