If actual real gdp moves from being equal to potential gdp


If actual real GDP moves from being equal to potential GDP to being less than potential real GDP, does the GDP gap become positive or negative? What would you say might be the impact on unemployment from such a movement?

Solution Preview :

Prepared by a verified Expert
Business Economics: If actual real gdp moves from being equal to potential gdp
Reference No:- TGS02786050

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)