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An inflationary gap is created when:________. i. potential GDP is greater than real GDP. ii. the price level exceeds the equilibrium price level. iii. real GDP equal to potentia…

An inflationary gap is created when:________. i. potential GDP is greater than real GDP. ii. the price level exceeds the equilibrium price level. iii. real GDP equal to potentia…
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An inflationary gap is created when:________.

i. potential GDP is greater than real GDP.
ii. the price level exceeds the equilibrium price level.
iii. real GDP equal to potential GDP.
iv. real GDP is greater than potential GDP.
v. the inflation rate is less than potential inflation.

asked
User Yankes
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8.4k points

1 Answer

1 vote

Step-by-step explanation:

potential GDP is greater than real GDP

answered
User Nirnae
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