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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.5
What was the relationship between the potential and real GDP during the U.S. economy's recessionary gap in 2005?
The GDP wasn't related to the recessionary gap
The potential GDP was the same as the real GDP
The potential GDP was higher than the real GDP
The potential GDP was lower than the real GDP
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AP Macroeconomics - 3.5 Equilibrium in Aggregate Demand-Aggregate Supply (AD-AS) Model
Key terms
Real GDP
Recessionary Gap
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About Fiveable
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Terms of Use
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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