mrwest2020 mrwest2020
  • 28-10-2020
  • Business
contestada

If an economy is in a recessionary gap, then it

Respuesta :

eetinguelehman9 eetinguelehman9
  • 28-10-2020

Answer:

i got choo

Explanation:

If the economy is in a recessionary gap, wages fall and the economy soon moves itself toward producing Natural Real GDP (at a lower price level than in the recessionary gap). ... wages rise and the economy soon moves itself toward producing Natural Real GDP (at higher price level than in the inflationary gap).

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