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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.7
What does the gap between Q2 and Yf represent in the context of a recessionary gap?
The deficit of real GDP from the production possibilities frontier
The shortfall of real GDP from full employment level
The excess of real GDP above full employment level
The surplus of real GDP above the production possibilities frontier
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AP Macroeconomics - 3.7 Long-Run Self-Adjustment
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Recessionary Gap
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About Fiveable
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Resources
Cram Mode
AP Score Calculators
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Crisis Text Line
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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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