객관식
In the AD-AS model, what happens to the economy in the short run if aggregate demand increases while aggregate supply remains unchanged?
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16. Aggregate Demand and Aggregate Supply Analysis
AD-AS Model: Equilibrium in the Short Run and Long Run
객관식
What is a recessionary gap?
A
A situation in which positive supply shocks cause aggregate supply to exceed demand and raise output above potential.
B
A situation in which persistent government budget deficits directly define the economy's gap from potential output.
C
A situation in which actual real GDP is above potential GDP, creating upward pressure on prices and overheating.
D
A situation in which actual real GDP (equilibrium GDP) is below potential (full-employment) GDP, creating cyclical unemployment and unused capacity.
검증된 단계별 안내1
Understand that a recessionary gap occurs when the economy's actual output is less than its potential output, meaning the economy is not producing at full capacity.
Recognize that potential GDP (also called full-employment GDP) represents the level of output when all resources, including labor, are fully employed without causing inflation.
Identify that actual real GDP (or equilibrium GDP) is the current level of output produced by the economy, which can be measured through aggregate demand and aggregate supply.
Compare actual real GDP to potential GDP: if actual GDP is below potential GDP, this indicates a recessionary gap, characterized by cyclical unemployment and idle resources.
Understand the implications of a recessionary gap: it signals underutilization of resources and downward pressure on prices, often prompting policymakers to stimulate demand to close the gap.
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