contestada

Summarize the process, or shifts in the Aggregate Demand Curve and Short Run Aggregate Supply Curve, for closing a recessionary gap if the economy is self-regulating…. Or using Neoclassical Economics.

Respuesta :

A recessionary gap has low prices and high unemployment and the gap can be closed by expansionary fiscal or monetary policy.

What is recessionary gap?

It should be noted that a recessionary gap simply occurs when the real GDP of a country us lower than the GDP at full employment.

In this case, a recessionary gap has low prices and high unemployment and the gap can be closed by expansionary fiscal or monetary policy.

Learn more about recessionary gap on:

https://brainly.com/question/25814008

Otras preguntas